poly

According to The Block, the stablecoin SoFiUSD issued by the licensed American bank SoFi has been launched on the Polygon Open Money Stack.SoFi users can buy, sell, hold, and exchange SoFiUSD on Polygon through the SoFi App without the need for a separate wallet or manual cross-chain transactions. SoFiUSD is issued by SoFi Bank, a national bank regulated by the Office of the Comptroller of the Currency (OCC), and can be redeemed for US dollars at a 1:1 ratio.

On the prediction market platform Polymarket, the market regarding whether NVIDIA CEO Jensen Huang will announce his resignation or be dismissed before a specific date showed that the probability once rose to about 91%, but has now fallen to 78%.As of the time of publication, the total trading volume of this series of markets is approximately $15.25 million. Pricing by different deadlines: about 59% for November 12, about 63% for November 13, about 74% for November 30, about 78% for December 31; about 82% for March 31, 2027, and about 86% for December 31, 2027.

According to Bloomberg, the prediction market platform Polymarket has recently laid off some employees and terminated contracts with several contractors.Previously, CEO Shayne Coplan, responding to investor demands for stronger company management, brought in several senior executives, including hiring former Amazon finance chief Warren Jenson as Chief Financial Officer and recruiting executives from Goldman Sachs, DoorDash, and Robinhood. Polymarket stated that as the business expands and new management joins, the company is adjusting its organizational structure, involving personnel recruitment, position adjustments, and layoffs, but did not disclose specific numbers.

According to Polymarket data, in the market "Who will be the next CEO of NVIDIA?", the current NVIDIA Vice President of Large Scale and High Performance Computing Ian Buck is currently in the lead with a 30% probability, followed by NVIDIA Executive Vice President and Chief Financial Officer Colette Kress at 21%, and the probability of Jensen Huang remaining the current CEO is 19%.Among the other options, Arm Holdings CEO Rene Haas currently has an 11% probability, NVIDIA Executive Vice President and Global Field Operations Head Jay Puri has 9%, AMD Chair and CEO Lisa Su has 3%, and NVIDIA Senior Director of Product and Technology Marketing for Physical AI Platform Madison Huang has 2%.

Nick Tomaino, a partner at 1confirmation, stated that 1confirmation has participated in all rounds of financing for Polymarket to date and has decided to increase its investment again. Although the fund focuses on seed-stage investments and typically does not participate in later-stage financing, it believes that Polymarket is worth breaking this investment convention.Nick Tomaino mentioned that there has been a demand for prediction markets for over a century, as users wish to place bets on events in politics, culture, and more. In the age of AI, one of the biggest challenges faced by young people is discerning the truth of information, and prediction markets can transform users' trading and investment enthusiasm into more accurate information.He emphasized that the long-term value of Polymarket is not just in sports betting, but in providing a more effective information discovery mechanism for political, geopolitical, and cultural events. Currently, while the U.S. market is primarily focused on sports trading, the accuracy of information is what gives prediction markets their more enduring value.Additionally, he believes that Polymarket's business is continuously upgrading, with the current management team performing excellently, and the products in the U.S. market are at an industry-leading level, with revenue consistently reaching new highs. Regarding the token program, he stated that while he did not fully agree with some of the related promotional methods previously, it is unreasonable to assert that the token program has lost its potential.Finally, Nick Tomaino stated that Polymarket founder Shayne has a strong desire for success and is one of the most direct and transparent people he knows.

The prediction market platform Polymarket stated to CNBC that its annual revenue has surpassed 1.8 billion dollars, further increasing from over 1 billion dollars disclosed in June this year. The revenue growth mainly comes from the domestic exchange launched in May this year, which saw a nominal trading volume exceeding 14.5 billion dollars in October, more than tripling from 4 billion dollars in June.The increase in trading volume is driven by the demand for the FIFA World Cup, the NFL season, and Combo event contracts. Among them, Combo contracts accounted for over 70% of the platform's trading volume on Sundays. However, Polymarket still faces short-term regulatory hurdles. The Commodity Futures Trading Commission (CFTC) is conducting a broad investigation into the company, which involves its advertising methods and whether the company has violated the settlement agreement reached with the agency in the past. This agreement prohibits U.S. residents from accessing its international trading platform.

According to PR Newswire, Marble, an institutional multi-asset trading and computing credit company founded by former BitGo and Galaxy Digital executives Matt Ballensweig and Leon Marshall, has announced its launch and completed a $11 million seed round financing, led by Polychain Capital, with participation from institutions such as Maven 11, Ripple, Susquehanna Crypto, Lattice, Blockwall, and several angel investors in the AI field.Marble operates through two business lines. Marble Compute focuses on building private credit channels for AI infrastructure, connecting institutional lenders with neoclouds and GPU operators; Marble Markets builds an institutional trading platform covering digital assets, real-world assets, prediction markets, and computing power.The two founders serve as co-CEOs: Ballensweig was the global trading head at BitGo, and Marshall was the CEO of Galaxy Digital's European operations.

The Vice President of Engineering at the prediction market platform Polymarket, Josh Stevens, announced that the platform has launched a withdrawal address whitelist feature. Users can lock the withdrawal address of their deposit wallet, and adding a new address requires email verification and setting a 48-hour time lock. Operations not performed by the user can be canceled via email.Stevens stated that even if a session is compromised or a malicious transaction is mistakenly signed, funds cannot be transferred to an uncontrolled address. This feature can be enabled in "Settings - Account," and Passkey support will be launched soon. The team is developing a migration tool for non-deposit wallets and will introduce advanced built-in security protections that do not require manual activation.

According to The Block, DECA Labs, a software commercialization network led by AI agents in the Base ecosystem, announced that it has completed a total of $12 million in financing, with investors including Polychain Capital, Pantera Capital, Accel, and dao5. The new funds will be used to accelerate its agent infrastructure, expand the network, and enhance distribution partnerships.DECA Labs aims to address the oversupply of products resulting from the significant reduction in software development costs due to AI. Its agents do not blindly generate software in bulk but instead identify opportunities from real-time market signals, testing demand thresholds with real buyers before allocating budget, and only assigning development and distribution resources to projects that meet the criteria. DECA stated that its platform waitlist has exceeded 100,000, agents have analyzed over 50,000 market signals, the first batch of products has over 80,000 monthly active users, and products have been developed for brands such as Balmain and Crocs, generating approximately $1.5 million in total revenue to date.

According to The Block, after conducting on-chain analysis of the Polymarket account dubdubdub2, which was questioned by The New York Times, it was found that the trader has been engaging in large-scale speculation and DeFi trading for a long time, holding relevant election positions until settlement, rather than profiting immediately after the polls were released.Transaction records also indicate that the trader may have continued to place bets 10 minutes after the Nebraska poll was released. Two interviewed experts believe that the existing evidence does not strongly indicate wrongdoing, but it cannot be completely ruled out. Polymarket previously stated that it is investigating.

According to a report by The New York Times, researchers at Vanderbilt University found that a Polymarket user bet nearly $200,000 on October 31, believing that Nebraska Senator Pete Ricketts would win re-election. About an hour later, a poll released jointly by The New York Times and Siena College showed Ricketts in the lead. The report stated that it is currently unclear whether the user had insider information, but their profit exceeded $77,000.The report also mentioned that the user made similar large bets in other markets, including Kalshi. Brett Goldstein from Vanderbilt University's National Security Research Institute stated that this series of events is difficult to consider as random occurrences and requires further investigation. Polymarket stated that it has identified related transactions and is investigating, while Kalshi declined to comment.In April of this year, Cointelegraph reported that a U.S. Army soldier was sued for profiting over $400,000 from bets in a prediction market, allegedly using non-public information related to U.S. actions against Venezuelan President Nicolás Maduro. The U.S. Department of Justice stated that Sergeant Gannon Ken Van Dyke was involved in the planning and execution of "Operation Absolute Resolve," which captured Maduro at a residence in Caracas, Venezuela, in January of this year. He is accused of using that information to buy "yes" shares of related Polymarket contracts, including "Maduro will resign before January 31."

The Polygon community has proposed a draft proposal PIP-93, aiming to integrate the Protocol Council, Polygon PoS, and AggLayer multi-signature into a unified Polygon Security Council.The committee consists of 11 signatories sent by 10 institutions, adopting an 8/11 multi-signature strategy, covering Ethereum and Polygon; Polygon Labs occupies 2 seats, while the other institutions each occupy 1 seat, including Sherlock, Hexens, Sigma Prime, Curve, QuickSwap, EthCC, L2Beat, and Coinbase.Daily upgrades and parameter changes can be proposed by the Polygon Labs Operations multi-signature with a 7-day time lock, and the security council can veto during the window period, or skip the time lock for immediate execution or contract suspension removal. The proposal aims to replace the governance structure established by PIP-29, changing to only publicly holding the list of institutions with seats, no longer disclosing the identities of individual signatories; it is currently in Draft status.

According to the improvement proposal (PIP) disclosed by the Polygon community forum, a member proposed to zero out approximately 70.49 million native POL (approximately 6.5 million USD at about 0.0924 USD on October 29) from the addresses on the blacklist through a hard fork of the Polygon PoS mainnet and transfer it to a designated recovery address. Among these, approximately 23.86 million are related to Polymarket, and approximately 46.63 million are related to Binance, with the total supply remaining unchanged.The proposal is scheduled to be introduced at the protocol governance meeting on November 5 at 22:30 Beijing time, with the activation block and client version to be determined.

The multi-chain NFT data platform NFTScan stated on platform X that due to business adjustments, it will no longer provide NFT data services for Polygon and Solana.

The NFA has approved PM Derivatives LLC, a subsidiary of Polymarket, to operate as a Futures Commission Merchant (FCM). An NFA spokesperson stated that the subsidiary has met all requirements for FCM registration, but actual futures brokerage operations still require approval from the Commodity Futures Trading Commission (CFTC).If approved, PM Derivatives will be able to act as an intermediary to receive customer orders and funds; Polymarket stated that the subsidiary plans to adopt a full collateral model, requiring customers to provide sufficient funds for the entire position at the time of the transaction. The CFTC is currently still investigating Polymarket.

The prediction market platforms Polymarket and Kalshi are optimistic about the Democratic Party controlling both the House of Representatives and the Senate in the 2026 U.S. midterm elections. Polymarket gives a 78% probability, with related market trading volume exceeding $58 million; Kalshi gives a 74% probability, with related contract trading volume exceeding $100 million.The individual Senate district markets on both platforms also favor Democratic candidates: James Talarico has a winning probability of 74% to 76% in Texas, Troy Jackson has 73% in Maine, and Abdul El-Sayed has 78% in Michigan. Traditional polls also indicate that the Democratic Party may experience a "blue wave."Kalshi CEO Tarek Mansour stated that this election is the first prediction market election, with related betting transactions exceeding $1.4 billion. However, the platform previously failed to predict Brazilian President Luiz Inácio Lula da Silva's victory in the runoff, and its impact on voter behavior and electoral credibility is also under scrutiny.

Democratic senators in the U.S. Senate have accused Elon Musk's social media platform X of giving preferential treatment to the prediction market Polymarket. Nevada Democratic Senator Catherine Cortez Masto, California Democratic Senator Adam Schiff, Nevada Democratic Senator Jacky Rosen, and Connecticut Democratic Senator Richard Blumenthal wrote in a joint letter first disclosed by Semafor that typically, X allows users to report ads for various reasons. However, when users attempt to report Polymarket's ads through X's standard interface, they are unable to select the report option. Other types of ads, including those from Kalshi, do not have this issue.This letter, which includes screenshots, claims that this seemingly unfair special treatment raises questions about whether X is trying to provide Polymarket with an improper competitive advantage, thereby benefiting the U.S. President and his family. Donald Trump Jr. has invested in Polymarket and serves as an advisor to the platform.

According to official news from Binance, the platform has resumed withdrawals of POL, USDT, and USDC on the Polygon network, as well as AVAX, USDT, and USDC withdrawals on the Avalanche C chain.Binance stated that more assets and networks will be gradually restored for withdrawals after completing security checks.

According to Bloomberg, as the U.S. midterm elections on November 3 approach, the commercial collaborations between prediction market platforms Kalshi, Polymarket, and media groups such as CNN, CBS News, CNBC, Dow Jones, and Fox are attracting attention. Bloomberg estimates, based on Dune data, that the cumulative trading volume of midterm election-related prediction markets on the two platforms is approximately $1.5 billion.The report states that CNBC's collaboration with Kalshi involves customer acquisition and minority equity investment, CBS News lists Kalshi as a sponsor of the prediction market, and the Wall Street Journal under Dow Jones showcases Polymarket data. CNN indicated that it would not reference prediction odds during live broadcasts on election night, while Fox News explicitly excluded political reporting from its collaboration with Kalshi. The financial terms of the related agreements are mostly undisclosed, and some media commentators are concerned that commercial interests may affect the independence of news reporting.

Security company GoPlus released a vulnerability analysis on social media, stating that the prediction market platform Polymarket's international site experienced a user asset theft incident. The RUM script from third-party performance monitoring service DebugBear was compromised by supply chain attacks, delivering malicious code to user pages and abusing their trading and signing permissions.On-chain analysis shows that the main path involved 710 DepositWallets and 731 addresses, with losses of approximately 2.71 million dollars; the number of addresses does not represent the actual number of users. Polymarket's official statement later indicated that the issue has been resolved and services have been restored, while also promising full compensation to affected traders, with the actual compensation progress to be based on subsequent official announcements.