Polymarket, a blockchain prediction market platform, is reportedly finalizing a $200 million funding round that would elevate its valuation to $1 billion, despite its ban in the U.S. The Founders Fund, led by billionaire Peter Thiel, is spearheading this investment. The platform gained significant traction during the 2020 U.S. elections, with trading volumes exceeding $2.5 billion. Meanwhile, New York City Mayor Eric Adams criticized former Governor Andrew Cuomo for his detrimental impact on the state's crypto industry. Adams, a proponent of crypto-friendly policies, aims to integrate digital assets into city services. In Japan, the Financial Services Agency (FSA) has proposed reclassifying cryptocurrencies as financial products, potentially paving the way for crypto exchange-traded funds (ETFs) and a flat 20% capital gains tax. This initiative is part of Japan's broader strategy to enhance its investment landscape, reflecting a growing interest in cryptocurrencies among both retail and institutional investors. Read more AI-generated news on: https://app.chaingpt.org/news

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