Polymarket About To Shut $200M Funding Spherical: Reuters

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Polymarket Raises $100M Regardless of A number of Bans Exercise On Polymarket On The Decline Associated Articles:

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Decentralized betting platform Polymarket is finalizing a $200 million funding spherical that may put the corporate’s worth at round $1 billion, giving it “unicorn” standing, Reuters reported.

In accordance with the June 24 report that cited sources acquainted with the matter, billionaire entrepreneur Peter Thiel’s Founders Fund will lead the funding spherical.

Polymarket Raises $100M Regardless of A number of Bans

Polymarket has already raised $100 million, which included a $50 million capital injection earlier this 12 months, Bloomberg reported.

The funding spherical comes after Polymarket introduced in the beginning of June that it partnered with Elon Musk’s X (previously Twitter). Via this partnership, the businesses will attempt to merge Polymarket’s prediction markets with AI-driven insights from X’s Grok chatbot.

.@polymarket isn’t simply turning into a spot to wager on world occasions – it’s turning into a mirror into who is aware of what earlier than we do…
However recently, that mirror appears to be like rigged – I really feel @elonmusk ought to look into it since they partnered with X.
Thats what I used to be emphasizing on earlier… pic.twitter.com/nSZjJMkhVt
— Momin (@mominsaqib) June 23, 2025

That’s regardless of the platform being banned within the US, France, Thailand, Singapore, Taiwan, Belgium and Poland.

In November, the platform was additionally hit with a search warrant by the FBI, which resulted in authorities seizing founder Shayne Coplan’s private electronics because of considerations that the platform was doubtlessly giving entry to American customers.

Exercise On Polymarket On The Decline

Over the previous couple of months, buying and selling exercise on Polymarket has been on a gradual decline. Information from Dune Analytics reveals that the variety of every day energetic merchants on the platform stood at 51,930 on the finish of March. This metric has since plummeted all the way down to 27,674 as of June 24.

The variety of month-to-month new accounts on Polymarket has additionally plummeted from 408,804 in February to 145,736 as of Could.

Even with the lower in exercise, over 1.18 million merchants have opened greater than 20 million positions throughout Polymarket’s 21,175 markets, in keeping with the platform’s knowledge and analytics web page.

A number of the most up-to-date markets on the platform relate as to whether the Iranian regime will fall this 12 months and the chance that the US will expertise a recession.