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Polymarket Acquires Startup Brahma to Expand Cryptocurrency and DeFi Infrastructure
Svmuu News: Prediction market Polymarket announced the acquisition of startup Brahma to expand its cryptocurrency and DeFi infrastructure. The specific acquisition amount has not been disclosed. Polymarket expects this acquisition to enhance user experience, but this move also indicates that the company, whose valuation has rapidly grown to $20 billion, is doubling down on consolidating its cryptocurrency foundation. Since its inception, Polymarket has consistently used blockchain infrastructure, while its main competitor, Kalshi, primarily uses fiat currency. (Fortune)
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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