Polymarket is preparing to raise funds at a valuation of up to 15 billion USD.

According to Bloomberg, Polymarket is negotiating with investors to raise new capital with a valuation between 12 billion and 15 billion USD, after increasing from 1 billion in June to 9 billion USD earlier this month.

Founded in 2020, Polymarket is a crypto-based prediction platform where users trade yes/no outcomes related to politics, sports, markets, and culture.

The strong rally of the market is also expected to help its rival Kalshi achieve a valuation of 10–12 billion USD, just a few weeks after raising over 300 million USD at a valuation of 5 billion USD.

Polymarket has recently resumed operations in the US, adding support for Bitcoin deposits and partnering with DraftKings and the NHL, amidst a record influx of capital into the prediction market.

BTC1.98%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)