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The Guardian - UK
The Guardian - UK
Business
Dan Milmo and Aisha Down

Polymarket in fundraising talks that could value the prediction platform at $15bn

Polymarket United States Nate Silver Middle East
The Polymarket platform on a smartphone
More than $1bn a week is traded on Polymarket. Photograph: Bloomberg/Getty Images

Polymarket, the online prediction platform that hosts bets on events such as the Iran war, is in talks to raise $400m (£296m) at a valuation of up to $15bn.

The company has gained notoriety in recent months over wagers placed on the Middle East conflict, including on the timing of US-Israel strikes against Iran, and on a US-Iran ceasefire, some of which appeared to bear signs of insider trading.

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