Polymarket is on the verge of closing a $200M funding round
The post Polymarket is on the verge of closing a $200M funding round appeared on BitcoinEthereumNews.com. Polymarket is coming to the forefront with a potential unicorn valuation. The prediction site is reportedly close to a $200M financing deal that will put its value at $1B. Polymarket is on the verge of a $200M financing round that will give the company a unicorn valuation of $1B. According to reports by The Information and Reuters, Polymarket will finally enter price discovery after years of existing as a tokenless platform. The round will be led by Peter Thiel’s Founders Fund and will be one of the larger raises in the past few months. Thiel is already involved with Polymarket and has mentioned prediction platforms in relation to his data analytics company, Palantir. Thiel first invested in the platform in May 2024, along with Ethereum’s founder, Vitalik Buterin. Thiel has also mentioned prediction markets as a source of data and accurate information on current events. The new funding round will follow a previous raise of $74M led by Polychain Capital. The Polymarket fundraising round follows the recent preparation for a Pump.fun token sale, which aims to raise $1B at $4B valuation. For some, Polymarket has a bigger potential than the meme platform and may achieve an even higher valuation if it launches a token. The announcement may increase Polymarket volumes, in expectation of tying token allocation to activity. Polymarket, however, remains even more valuable as the go-to platform for current events, breaking news, and political predictions. Polymarket has also announced a partnership with X, giving the platform even larger mainstream exposure. Polymarket mindshare peaks Polymarket became the talk of social media, especially crypto-affiliated yappers. Based on the Kaito leaderboard, the platform was the most rapidly trending among tokenless protocols. Polymarket received the most talk and social media messaging among pre-TGE projects. Polymarket rapidly rose to the top on social media,…
The post Polymarket is on the verge of closing a $200M funding round appeared on BitcoinEthereumNews.com.
Polymarket is coming to the forefront with a potential unicorn valuation. The prediction site is reportedly close to a $200M financing deal that will put its value at $1B. Polymarket is on the verge of a $200M financing round that will give the company a unicorn valuation of $1B. According to reports by The Information and Reuters, Polymarket will finally enter price discovery after years of existing as a tokenless platform. The round will be led by Peter Thiel’s Founders Fund and will be one of the larger raises in the past few months. Thiel is already involved with Polymarket and has mentioned prediction platforms in relation to his data analytics company, Palantir. Thiel first invested in the platform in May 2024, along with Ethereum’s founder, Vitalik Buterin. Thiel has also mentioned prediction markets as a source of data and accurate information on current events. The new funding round will follow a previous raise of $74M led by Polychain Capital. The Polymarket fundraising round follows the recent preparation for a Pump.fun token sale, which aims to raise $1B at $4B valuation. For some, Polymarket has a bigger potential than the meme platform and may achieve an even higher valuation if it launches a token. The announcement may increase Polymarket volumes, in expectation of tying token allocation to activity. Polymarket, however, remains even more valuable as the go-to platform for current events, breaking news, and political predictions. Polymarket has also announced a partnership with X, giving the platform even larger mainstream exposure. Polymarket mindshare peaks Polymarket became the talk of social media, especially crypto-affiliated yappers. Based on the Kaito leaderboard, the platform was the most rapidly trending among tokenless protocols. Polymarket received the most talk and social media messaging among pre-TGE projects. Polymarket rapidly rose to the top on social media,…
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