"Polymarket Nears Completion of $200 Million Funding Round…Company Valuation Approaches $1 Billion"
YM Lee
Summary
- Polymarket has reported that it is in the final stages of a $200 million funding round.
- This investment round is led by Peter Thiel's Founders Fund, and it was stated that Polymarket's expected company valuation is close to $1 billion.
- Polymarket has experienced explosive growth following the 2024 U.S. presidential election, and has reportedly raised more than $100 million so far.
Blockchain-based prediction market platform Polymarket is reportedly nearing the completion of a $200 million funding round.
On the 25th (local time), Reuters quoted anonymous sources, stating, "Polymarket's $200 million funding round is in its final stages, and this investment round will be led by Peter Thiel's Founders Fund."
The expected company valuation is close to $1 billion, and once the round is finalized, Polymarket is highly likely to achieve 'unicorn' status.
Polymarket experienced explosive growth after the 2024 U.S. presidential election, and has already raised over $100 million through investment rounds to date.
YM Lee
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