{"id":6788,"date":"2025-06-24T14:06:43","date_gmt":"2025-06-24T14:06:43","guid":{"rendered":"https:\/\/baiwp.com\/polymarket-on-the-verge-of-raising-200m-at-1b-valuation-report\/"},"modified":"2025-06-24T14:06:43","modified_gmt":"2025-06-24T14:06:43","slug":"polymarket-on-the-verge-of-raising-200m-at-1b-valuation-report","status":"publish","type":"post","link":"https:\/\/baiwp.com\/ar\/polymarket-on-the-verge-of-raising-200m-at-1b-valuation-report\/","title":{"rendered":"Polymarket on the Verge of Raising $200M at $1B Valuation: Report"},"content":{"rendered":"

Blockchain-based prediction market Polymarket is edging closer to a $200 million raise at a $1 billion valuation, The Information<\/a> reported, citing people familiar with the plan.<\/p>\n

Peter Thiel\u2019s Founders Fund is said to be leading the round, the report added. The $200 million figure includes $50 million that was raised in previously unannounced funding.<\/p>\n

According to SimilarWeb<\/a>, Polymarket notched a record high in terms of website traffic in May with 15.9 million visits, more than rival betting markets FanDuel, DraftKings and Betfair.<\/p>\n

Polymarket’s continued rise comes after a U.S. election year that saw around $8 billion worth of bets placed on the platform. It was also widely cited during the election as a data source for predicting the outcome. According to a Dune data scientist, betting markets on Polymarket predict outcomes with up to 94% accuracy<\/a>.<\/p>\n

Earlier this month, Polymarket signed a deal with Elon Musk’s xAI<\/a> company, becoming the official prediction market partner for xAI and X.<\/p>\n

Last September, a separate report by The Information claimed that Polymarket was looking into launching its own token<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Blockchain-based prediction market Polymarket is edging closer to a $200 million raise at a $1 billion valuation, The Information reported, citing…<\/p>","protected":false},"author":1,"featured_media":6789,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_kadence_starter_templates_imported_post":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6788","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"spectra_custom_meta":{"_thumbnail_id":["6789"],"feedzy":["1"],"feedzy_item_url":["https:\/\/www.coindesk.com\/business\/2025\/06\/24\/polymarket-on-the-verge-of-raising-usd200m-at-usd1b-valuation-report"],"feedzy_job":["6631"],"feedzy_item_author":["Oliver Knight"],"feedzy_job_time":["1750777017"],"ekit_post_views_count":["68"],"_uag_css_file_name":["uag-css-6788.css"]},"uagb_featured_image_src":{"full":["https:\/\/baiwp.com\/wp-content\/uploads\/2025\/06\/0986854ddf37c8aabeb88937cec47596eaad7185-4000x2250-AtIG8e.jpg",1920,1080,false],"thumbnail":["https:\/\/baiwp.com\/wp-content\/uploads\/2025\/06\/0986854ddf37c8aabeb88937cec47596eaad7185-4000x2250-AtIG8e-150x150.jpg",150,150,true],"medium":["https:\/\/baiwp.com\/wp-content\/uploads\/2025\/06\/0986854ddf37c8aabeb88937cec47596eaad7185-4000x2250-AtIG8e-300x169.jpg",300,169,true],"medium_large":["https:\/\/baiwp.com\/wp-content\/uploads\/2025\/06\/0986854ddf37c8aabeb88937cec47596eaad7185-4000x2250-AtIG8e-768x432.jpg",768,432,true],"large":["https:\/\/baiwp.com\/wp-content\/uploads\/2025\/06\/0986854ddf37c8aabeb88937cec47596eaad7185-4000x2250-AtIG8e-1024x576.jpg",1024,576,true],"1536x1536":["https:\/\/baiwp.com\/wp-content\/uploads\/2025\/06\/0986854ddf37c8aabeb88937cec47596eaad7185-4000x2250-AtIG8e-1536x864.jpg",1536,864,true],"2048x2048":["https:\/\/baiwp.com\/wp-content\/uploads\/2025\/06\/0986854ddf37c8aabeb88937cec47596eaad7185-4000x2250-AtIG8e.jpg",1920,1080,false],"trp-custom-language-flag":["https:\/\/baiwp.com\/wp-content\/uploads\/2025\/06\/0986854ddf37c8aabeb88937cec47596eaad7185-4000x2250-AtIG8e.jpg",18,10,false],"mailpoet_newsletter_max":["https:\/\/baiwp.com\/wp-content\/uploads\/2025\/06\/0986854ddf37c8aabeb88937cec47596eaad7185-4000x2250-AtIG8e.jpg",1320,743,false],"woocommerce_thumbnail":["https:\/\/baiwp.com\/wp-content\/uploads\/2025\/06\/0986854ddf37c8aabeb88937cec47596eaad7185-4000x2250-AtIG8e-300x300.jpg",300,300,true],"woocommerce_single":["https:\/\/baiwp.com\/wp-content\/uploads\/2025\/06\/0986854ddf37c8aabeb88937cec47596eaad7185-4000x2250-AtIG8e-600x338.jpg",600,338,true],"woocommerce_gallery_thumbnail":["https:\/\/baiwp.com\/wp-content\/uploads\/2025\/06\/0986854ddf37c8aabeb88937cec47596eaad7185-4000x2250-AtIG8e-100x100.jpg",100,100,true]},"uagb_author_info":{"display_name":"xkjjz@foxmail.com","author_link":"https:\/\/baiwp.com\/ar\/author\/xkjjzfoxmail-com\/"},"uagb_comment_info":0,"uagb_excerpt":"Blockchain-based prediction market Polymarket is edging closer to a $200 million raise at a $1 billion valuation, The Information reported, citing...","_links":{"self":[{"href":"https:\/\/baiwp.com\/ar\/wp-json\/wp\/v2\/posts\/6788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/baiwp.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/baiwp.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/baiwp.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/baiwp.com\/ar\/wp-json\/wp\/v2\/comments?post=6788"}],"version-history":[{"count":0,"href":"https:\/\/baiwp.com\/ar\/wp-json\/wp\/v2\/posts\/6788\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/baiwp.com\/ar\/wp-json\/wp\/v2\/media\/6789"}],"wp:attachment":[{"href":"https:\/\/baiwp.com\/ar\/wp-json\/wp\/v2\/media?parent=6788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/baiwp.com\/ar\/wp-json\/wp\/v2\/categories?post=6788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/baiwp.com\/ar\/wp-json\/wp\/v2\/tags?post=6788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}