By The Weekly Edge desk ·
ProphetX closed a $35m funding round, Jamma reported. A fund linked to French gambling group FDJ participated, with the US platform directing the capital towards further development.
The funding provides capital for ProphetX’s platform development.
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Linked through shared companies, regulators and people, or one step further through the graph.
The partnership adds Pikkit to ProphetX’s B2B prediction market expansion.
The round adds $35m in financing to ProphetX.
The agreement brings ProphetX sports contracts into Players’ Lounge’s gaming platform.
Robinhood Derivatives faces a 16 October compliance deadline for Ohio’s cease-and-desist order concerning sports-event contracts.
Recipients face possible administrative, civil or criminal proceedings if they disregard the commission’s demands, PlayUSA reported.
Nine prediction market platforms face Connecticut cease-and-desist orders over sports event contracts offered to residents.