"Polymarket Nears Completion of $200 Million Funding Round…Company Valuation Approaches $1 Billion"

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.