Polymarket, a blockchain-based prediction platform, is nearing the completion of a $200 million funding round, resulting in a $1 billion valuation.
Funding and Investments
The deal was first reported by Bloomberg and will establish Polymarket as a new unicorn in the crypto space. The main investor is the Founders Fund, which has previously invested in the platform. The Series B round also includes other notable investors such as General Catalyst, Airbnb co-founder Joe Gebbia, and Ethereum's Vitalik Buterin.
Growth and Trading Volumes
Polymarket has experienced rapid growth with over 21,000 active markets and 1.2 million traders. The average daily trading volume reaches $40 million, with a record volume of $1.1 billion in May 2025 and a peak of $2.6 billion during the 2024 U.S. elections.
Future Plans and Developments
With fresh capital, Polymarket plans to expand operations and enhance its technology, alongside a potential token launch. However, the platform faces legal challenges, including the need to comply with CFTC regulations for U.S. users.
Backed by strong investors, Polymarket is poised to transform the landscape of decentralized predictions. However, regulatory scrutiny may present challenges ahead.
