Polymarket prepares to re-enter U.S.…valuation projected up to $10 billion

Decentralized prediction market platform Polymarket is preparing to re-enter the U.S. market, and its valuation could reach up to $10 billion.

On the 13th (local time), Cointelegraph, citing a Business Insider report, said Polymarket is seeking a return to the U.S. along with new funding.

It also appears to be seeking new funding that would be more than three times its June valuation of $1 billion. According to Business Insider, Polymarket's valuation is projected to be up to $10 billion.

Earlier, Polymarket completed a $200 million round in June led by Peter Thiel's Founders Fund. Founders Fund is well known as an early investor in major companies such as OpenAI, Paxos, and Palantir.