In this episode of Coin Street headlines, we dive into the latest developments in the world of cryptocurrency and technology. PolyMarket is set to relaunch in the U.S. this November, focusing on sports betting after a favorable decision from regulators. OpenAI has restructured into a public benefit corporation, allowing for greater capital flexibility and securing a significant stake for Microsoft. Securitize, a leader in real-world asset tokenization, is going public through a merger with a SPAC, aiming to democratize capital markets. In France, lawmakers are considering a proposal that could reshape the country’s approach to digital currencies, including a potential ban on the digital euro. Jane King with the latest from the NYSE
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Thanks, Remy.
Here's a look at your Coin Street headlines.
Polymarket is eyeing November for a relaunch in the US this after a September decision from a US regulator paved the way for Polymarket's return.
According to a Bloomberg report citing people familiar with the matter, Polymarket plans limited trades for US residents before the end of November, emphasizing sports betting.
OpenAI, the developer behind.
GPT has converted its organizational structure into a public benefit corporation, a shift designed to give the company greater flexibility to raise capital as it scales its artificial intelligence ambitions.
According to the Wall Street Journal, the restructuring grants, Microsoft a 27% stake in the new entity valued at about $135 billion.
The agreement also.
Microsoft's access to OpenAI's core technologies for the next 7 years.
BlackRock backed Real World assets tokenization company Securitize is going public through a merger with a special purpose acquisition company, SEC, at a $1.25 billion pre-money valuation.
Securitize is merging with Cantor Equity Partners 2, a blank check company sponsored by an affiliate.
Financial services firm Cantor Fitzgerald, the company's co-founder and CEO Carlos Domingo said the company was founded to democratize capital markets by making them more accessible, transparent, and efficient through tokenization.
Well, lawmakers in France will review a proposal that may have significant implications for the country's adoption of digital currencies from stablecoins to Bitcoin.
The proposal.
For France's National Assembly to ban the digital euro, potentially being pioneered by the European Central Bank and instead promote the dissemination of euro stablecoins and investments in crypto assets, the motion cited the U.S.'s effort to ban central bank digital currencies and promote stablecoins through the Genius Act, which was signed into law in July, and that's the latest Coin Street headlines.