NASDAQ-listed company Enlivex will spend $212 million to acquire Rain Protocol Token, which was launched on the Arbitrum chain in 2023, with a market capitalization of 1.8 billion. The prediction market is thriving, with both Kalshi and Polymarket raising over $1 billion in funding, and volume exceeding 28 billion. However, regulatory pressure is increasing, and Kalshi has received multiple injunctions.
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NASDAQ-listed company Enlivex will spend $212 million to acquire Rain Protocol Token, which was launched on the Arbitrum chain in 2023, with a market capitalization of 1.8 billion. The prediction market is thriving, with both Kalshi and Polymarket raising over $1 billion in funding, and volume exceeding 28 billion. However, regulatory pressure is increasing, and Kalshi has received multiple injunctions.