Polymarket Taps Chainalysis to Police Insider Trading While Seeking $15 Billion Valuation and CFTC Approval

According to The Block, Polymarket has enlisted Chainalysis on Thursday to help police insider trading and market manipulation as the prediction market seeks to raise $400 million at a $15 billion valuation and gain approval from the Commodity Futures Trading Commission to relaunch in the U.S. market. The company said the deal includes using Chainalysis’ investigative tools to produce blockchain-verified evidence for engagement with law enforcement and regulatory inquiries. Polymarket, which previously settled with the CFTC in 2022, is pushing to re-enter the U.S. after acquiring derivatives exchange QCEX last year.

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