Polymarket, the blockchain-based prediction market platform, is reportedly closing a $200 million funding round led by Peter Thiel’s Founders Fund, bringing its valuation to $1 billion despite being banned for U.S. users. The raise follows explosive growth during the 2024 U.S. elections, where Polymarket processed over $2.5 billion in trades and recently partnered with Elon Musk’s X to integrate prediction markets with AI analysis via Grok. Despite the regulatory scrutiny and bans in multiple countries, the platform boasts 1.2 million users, 21,000 active markets, and over $1 billion in monthly trading volume, solidifying its dominance in the global prediction ecosystem.
Polymarket Set for $200M Raise at $1B Valuation: Reports
