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Benzinga
Benzinga
Business
Murtuza J Merchant

Polymarket Reportedly Looking To Raise $200 Million At $1B Valuation

Stuttgart,,Germany,-,11-27-2024:,Smartphone,With,Logo,Of,Crypto,Prediction

Blockchain-based prediction platform Polymarket is reportedly in advanced stages of raising $200 million in new funding, potentially pushing its valuation to $1 billion, according to sources cited by The Information.

The round is said to be led by Peter Thiel's Founders Fund, with the total figure including $50 million from an earlier, undisclosed raise.

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