🎯 11. Polymarket vs Kalshi: Prediction Markets Battle

October became a record month for the prediction markets sector. Prediction volume reached $8.5 billion. Polymarket raised $2 billion at a $9 billion valuation from Intercontinental Exchange (ICE), the parent company of NYSE. Kalshi announced a new funding round — $300M at a $5B valuation from Sequoia Capital and Andreessen Horowitz. In October, Kalshi surpassed Polymarket in volume — $4.4B vs $4.1B.

➡️ Competition is intensifying, Polymarket and Opinion confirmed an airdrop for users, which could change the balance of power in the sector.

🔗 Polymarket funding round 2 billion


🏛 12. Harvard University Invests $500M in BlackRock Bitcoin ETF

Harvard University invested half a billion dollars in BlackRock's IBIT, which represents just 1% of the total endowment but enough to rank 16th among IBIT holders. Under management of the largest spot ETF, assets total ~$75B. Bloomberg analyst Eric Balchunas called this "hardly the best signal of trust an ETF can get."

➡️ This demonstrates growing acceptance of cryptocurrency ETFs by major educational institutions, which may open the path for other endowments.

🔗 Harvard University Bitcoin ETF investment


@ton_insights