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

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Suehyeon Lee
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  • Polymarket is reported to be preparing to re-enter the U.S. market.
  • Polymarket's valuation is projected to reach up to $10 billion.
  • Polymarket said it is seeking a return to the U.S. along with new funding.
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

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.

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Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.

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