Authorities have arrested a special forces soldier accused of using classified government information to place a wager on Polymarket, the prediction platform. Prosecutors allege the bet was tied to an operation involving Venezuela’s President Nicolas Maduro, and that the soldier could have profited up to $400,000 by acting on information not meant for public markets.
Prediction markets platform Polymarket is reportedly in talks to raise about $400 million at a $15 billion valuation, following a $600 million commitment from Intercontinental Exchange, the NYSE parent. With event-based trading drawing increasing momentum, the company is seeking additional strategic investors that could push the total funding round toward $1 billion.
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