#Polymarket Secures $200 Million Funding Round at $1 Billion Valuation


Polymarket is finalizing a $200 million raise led by Peter Thiel's Founders Fund at unicorn valuation.


The prediction market platform achieved explosive growth during the 2024 elections with $2.5 billion in November volume.


Despite being banned for U.S. users, the platform maintains 1.2 million traders across 21,000 open markets.


A recent partnership with Elon Musk's X platform integrates prediction markets with #Grok AI analysis.


Its current monthly volume stands at $1.1 billion, down from November's peak but maintaining strong #prediction market leadership.


The platform faces restrictions in France, Singapore, Thailand and other jurisdictions due to gambling concerns.

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June 25, 2025 at 11:18 AM
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