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 Thiel’s 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 week’s New York City Democratic mayoral primary—both outcomes its traders predicted accurately, stoking investor interest in on-chain forecasting markets.