Polymarket On Verge Of Finalizing $200M Funding Round At $1B “Unicorn” Valuation – Reuters
Decentralized betting platform Polymarket is finalizing a $200 million funding round that would put the company’s value at around $1 billion, giving it “unicorn” status, Reuters reported. According to the June 24 report that cited sources familiar with the matter, billionaire entrepreneur Peter Thiel’s Founders Fund will lead the funding round. Polymarket Raises $100M Despite Multiple Bans Polymarket has already raised $100 million, which included a $50 million capital injection earlier this year, Bloomberg reported . The funding round comes after Polymarket announced at the start of June that it partnered with Elon Musk’s X (formerly Twitter). Through this partnership, the companies will try to merge Polymarket’s prediction markets with AI-driven insights from X’s Grok chatbot. .@polymarket isn’t just turning into a place to bet on world events – it’s becoming a mirror into who knows what before we do… But lat...