Polymarket is seeking a new round of funding at a target valuation of $20 billion, according to a Tuesday Bloomberg report citing people familiar with the matter. The move comes only months after the prediction-market platform completed a financing round in April at a $15 billion valuation, with Intercontinental Exchange, the parent company of the New York Stock Exchange, investing $600 million. Polymarket previously told CNBC in June that its annualized revenue had surpassed $1 billion. The company’s trading activity dipped briefly in April and May before rebounding during the World Cup, when volumes hit a record high. Founder and CEO Shayne Coplan has continued to frame Polymarket as an information platform rather than a gambling site, saying prediction markets let users test their views with real money. Competition in the sector is also rising. Coinbase and Robinhood have added prediction-market features to their product lines, while rival platform Kalshi is reportedly pursuing a new fundraising round at a $40 billion valuation. The two companies operate with different structures: Kalshi runs a federally regulated exchange for event contracts, while Polymarket is built on blockchain infrastructure and settles trades in cryptocurrency.

Robinhood’s crypto and international chief Johann Kerbrat used a July 24 episode of TheRollup to lay out how the company wants to grow its on-chain business, why it chose Arbitrum for Robinhood Chain, and how tokenized equities fit into a broader product strategy. He said the network’s weekly DEX volume had crossed $3 billion within three weeks of mainnet launch, with transaction count climbing past 105 million and total value locked topping $300 million. Kerbrat framed Robinhood’s approach as a “barbell” that places meme tokens on one side and real-world assets on the other, arguing that the two segments attract different users rather than competing for the same audience. He also said Robinhood’s longer-term opportunity lies in moving parts of its 27 million funded accounts on-chain without forcing mainstream users to handle wallets or private keys directly. In the interview, Kerbrat described Robinhood Earn as an example of mixing DeFi infrastructure with a simplified front end, discussed the firm’s just-in-time tokenization design for stock tokens, and said tokenized equities already reach users in more than 120 countries across more than 90 instruments. On competition, he said it is too early to focus on market share versus Coinbase’s Base and argued the bigger goal is to expand the addressable market for tokenized assets. Kerbrat added that Robinhood is prioritizing adoption over chain revenue for now, even as he said all of the company’s business lines are already generating nine-figure revenue.

WEEX exchange said on July 31 that it has launched a Robinhood ecosystem rewards campaign covering five tokens: CASHCAT, HOODRAT1, STONKBROKER, TENDIES, and INDEX. Under the event rules, users who trade any of the included tokens can join a shared prize pool worth $100,000. The campaign runs from 20:30 on July 30 to 20:30 on Aug. 9, based on UTC+8. The announcement was reported by ChainCatcher as a 7x24 newsflash.

July 31 brought a dense mix of crypto, equity-market, and policy headlines. On the corporate side, Coinbase reported $1.22 billion in second-quarter revenue, down 14% from the prior quarter and below the $1.29 billion expected by the market, while Strategy posted an $8.2 billion quarterly loss tied mainly to unrealized losses on its Bitcoin holdings and said it held 843,775 BTC at the latest disclosure. In one of the day’s most closely watched cross-market stories, people familiar with the matter said Citadel had acquired most of the equity portfolio of Situational Awareness, the $24 billion hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, after losses tied to AI-related trades. Elsewhere, Aave said it would retire 50 low-adoption reserves and wind down deployments on six chains, Uniswap launched a beta product for token launches, and ENS DAO proposed creating a full-time operating foundation. On the policy front, U.S. senators submitted a new compromise proposal tied to ethics provisions in the Clarity Act, while South Korea said it had completed a draft digital asset framework bill and is also considering rules that could cover AI agent payments and suspicious-account payment freezes.

Robinhood reported the strongest quarter in its history, posting $1.31 billion in net revenue, $573 million in net income, diluted EPS of $0.62, and total platform assets of $369 billion. One of the standout figures came from its prediction market business, where event contracts generated $156 million in revenue, topping both crypto and equities for the first time. CEO Vlad Tenev also highlighted Robinhood Chain, saying its DEXs have processed more than $12 billion in volume, the network reached 100 million transactions at record speed, and TVL stands around $325 million. Outside the company, crypto markets were largely flat after the FOMC, with BTC at $64.8K, while SEC Chair Paul Atkins said the agency is prepared to draft crypto market rules on its own if the CLARITY Act does not move forward. The broader update also covered ETF flows, Coinbase ahead of earnings, MoonPay’s PayBox launch, Binance US’s plan to seek DCM status, and activity across meme coins, DeFi protocols, and NFTs.

Multicoin Capital is long Robinhood (HOOD), according to comments made by general partner Shayon Sengupta on the Hood House podcast. Sengupta said HOOD is currently the firm's largest public-market stock position. The remarks offer a direct look at how the crypto-focused investment firm is positioning itself in listed equities. No additional details on the size of the position or the timing of the trade were disclosed in the source item. The statement was cited by Odaily in a market analysis newsflash published on July 30, 2026.

ARK Invest, led by Cathie Wood, cut positions in four crypto-linked stocks on July 29, selling more than 460,000 shares combined across Bullish, Bitmine, Robinhood, and Block. The trades were split between ARKK and ARKF, but the two funds were not doing the same thing. ARKF reduced nearly all of its holdings by roughly 1.37% to 1.38%, which points to a broad pro-rata trim rather than a call on crypto names specifically. ARKK, by contrast, cut the four stocks by different percentages, suggesting active stock selection, and it was buying elsewhere on the same day. ARKK added SpaceX and Nvidia, while ARK funds overall also increased positions in Kratos Defense, BWX Technologies, and Intuitive Machines. After the sales, ARK still held sizable positions in the four names, including about $336 million in Robinhood and $229 million in Block based on July 29 closing prices. The moves came a day before the Federal Reserve rate decision, with U.S. equities under pressure and the Dow Jones Industrial Average down 2.19%.

Robinhood reported a strong second quarter on paper, beating Wall Street expectations on both earnings and revenue, yet the market reaction was negative as weakness in its crypto business overshadowed the broader results. The company posted adjusted earnings per share of $0.62, above the $0.43 analysts had expected, while quarterly revenue rose 32% from a year earlier to a record $1.31 billion, slightly ahead of the $1.29 billion consensus. Even so, Robinhood shares fell 3.1% during regular Wednesday trading and extended losses by about 4% in after-hours trading. The pressure came largely from crypto. Revenue from Robinhood’s crypto segment dropped 38% year over year, falling from $160 million to $100 million. The company said stronger activity in options, equities, and prediction markets helped support overall transaction-based revenue as digital-asset trading cooled. At the same time, Robinhood continued expanding beyond brokerage, rolling out Robinhood Chain, offering tokenized U.S. stocks to eligible users in Europe, and introducing its new Agentic Trading AI toolkit. The results are also drawing attention as a potential read-through for Coinbase, since both platforms depend heavily on retail trading activity and broader crypto market sentiment.