Polymarket prepares to re-enter U.S.…valuation projected up to $10 billion
Suehyeon Lee
Summary
- 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.
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.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.