Blockchain-based prediction market Polymarket is in advanced talks to raise roughly $200 million in fresh capital, a deal that would lift its valuation past the $1 billion mark, according to reporting from The Information on 24 June and a Reuters follow-up the next day. People familiar with the matter said Peter Thielโs Founders Fund is expected to lead the round. The package is understood to include about $50 million in previously undisclosed commitments, pushing Polymarket into unicorn territory once the financing is completed. A new cash injection would give the four-year-old company additional resources for product expansion and regulatory work. Although the platform remains off-limits to U.S. users, it has logged record volumes around events such as the 2024 U.S. presidential election and this weekโs New York City Democratic mayoral primaryโboth outcomes its traders predicted accurately, stoking investor interest in on-chain forecasting markets.
๐๐ซ๐ฒ๐ฉ๐ญ๐จ ๐๐ฅ๐๐ญ๐๐จ๐ซ๐ฆ ๐๐จ๐ฅ๐ฒ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐๐ซ๐ ๐๐ญ๐ฌ $๐๐ ๐๐๐ฅ๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐ข๐ญ๐ก ๐๐๐ฐ $๐๐๐๐ ๐๐๐ข๐ฌ๐ ๐จ Polymarket is set to raise $200M at a $1B valuation, making it one of the top crypto unicorns of 2025! ๐ฆ๐ฐ Backed by Vitalik Buterin and Joe https://t.co/e0wDOxUrKC
The Morning Minute (6.25) โฐTop News: -Crypto majors rally another 1-2%; BTC at $107,000 -Polymarket hits $1B+ valuation in latest raise -Robinhood CEO says crypto will replace tradfi -Chainlink & Mastercard team up for onchain purchases -Gondi launches new all-in-one NFT https://t.co/zIUrez34AX
Polymarket Nails NYC Democratic Mayoral Primary Upset, Nears $1B Unicorn Valuation โบ https://t.co/QNou9zVU2G https://t.co/QNou9zVU2G