Nasdaq is enhancing its scrutiny of publicly listed companies that are raising funds to acquire cryptocurrencies, requiring shareholder votes and increasing disclosure demands. This move comes in response to a surge in capital raises aimed at digital asset accumulation, with over $98 billion announced since January 2025.
Polymarket is set to raise $200 million in a new funding round that will value the platform at $1 billion, led by Peter Thiel’s Founders Fund. Despite facing regulatory challenges that resulted in banning US customers, Polymarket has maintained significant activity, particularly during the 2024 US presidential election, and is expanding its offerings through a partnership with Elon Musk's social network, X. The platform's cumulative betting volume is approaching $14.8 billion, with a notable decrease in user activity recently.