According to reports, the blockchain Prediction Market Polymarket is finalizing a funding round of $ 200 million, which will give the company a price of about $ 1 billion.
Billionaire Entrepreneur Peter Theal Founder Fund Polymert’s funding rounds are set to lead Reuters and Bloomberg Informed But Tuesday, citing people familiar with the matter.
Evaluation of $ 1 billion will give the company the status of “Unicorn” Ban on For American users. FBI too Executed a search warrant On stage in November, seizing founder Shayne Koplan’s electronics over concerns that polymercate was potentially reaching Americans.
The report stated that Polymarkets had earlier raised over $ 100 million, including an investment of $ 50 million in 2025.
The latest funding comes after the rounded payment platform Announced A partnership with Elon Musk’s social media platform X in early June. The purpose of both companies is to combine polymarkat’s prediction markets with analysis from artificial intelligence chatbott Ravine,
Polymarket allows betting on everything
The forum experienced explosive growth during the 2024 US presidential election, using a cryptocurrency for bookies with a trading volume of $ 2.5 billion in November. Stake On a host of election results and other events.
The platform allows bets on a variety of scenarios, such as whether Israel will attack Iran again, the possibility of an American recession in 2025, a Russian-Ukraine ceasefire in July, obstacles on the interruptions, federal reserve rate decisions, and the results of the Mayor of New York City.
Connected: Polymarket gives us the StableCoin bill the possibility of becoming 89% law
Also stage Show There is an 87% chance that Stabecrim Bill, Genius Act, will be signed in the law this year.
More than $ 1b in monthly
The global prediction market currently has about 1.2 million traders, 21,000 open markets, 20 million open posts and $ 700 million in trading volumes, According For polymercate analytics platforms.
According to Dune Analytics, polymercate’s monthly trading volume for May was around $ 1.1 billion, below the peak of about $ 2.5 billion in November.
Polymarket blockade and backlash
In addition to the US blockade, polymercate has also been banned or banned France, SingaporeThailand, Taiwan, Poland and Belgium.
The stage has also faced backlash and investigation Blame Prophecy manipulation in market results.
Polymarket competes with other predicted platforms, including KalashiWhich is supported by Y Combinator and Seawia Capital.
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