Games & Commerce

Netmarble to tighten new game criteria, revise multi-title strategy

Netmarble is shifting away from releasing new games in rapid succession and will focus on extending the lifespan and revenue of existing titles. It cut its second-half new-game lineup to three and plans to apply stricter launch standards while strengthening live-service operations. The company cited sustained growth in The Seven Deadly Sins: Grand Cross. Netmarble reported second-quarter revenue of 749.2 billion won and operating profit of 80.1 billion won, while costs rose on marketing and fees.

Crypto

Polymarket in talks to raise new funding at valuation above $20 billion

Prediction-market platform Polymarket is in talks to raise new funding at a valuation of more than $20 billion, CNBC reported on Aug. 4, citing Bloomberg. The talks began after Polymarket launched a U.S. exchange operating under regulation in May, the report said. CNBC also reported, citing a source, that Polymarket closed a funding round in April at a $15 billion valuation. Bloomberg said the round included Intercontinental Exchange's $600 million cash direct investment announced in March.