Polymarket seeks funding at a valuation of up to $15 billion: Report

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Polymarket is in early discussions with investors and looking to raise funds at a valuation between $12 billion and $15 billion, Bloomberg News reported on Wednesday, citing people familiar with the matter.

Polymarket did not immediately respond to a Reuters request for comment.

In June, the world’s biggest prediction market was close to raise $200 million in a funding round that would value it at more than $1 billion, Reuters reported.

Polymarket allows users to place bets using cryptocurrency on real-world events.

Earlier this month,…



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Polymarket seeks funding at a valuation of up to $15 billion: Report



Polymarket is in early discussions with investors and looking to raise funds at a valuation between $12 billion and $15 billion, Bloomberg News reported on Wednesday, citing people familiar with the matter.

Polymarket did not immediately respond to a Reuters request for comment.

In June, the world’s biggest prediction market was close to raise $200 million in a funding round that would value it at more than $1 billion, Reuters reported.

Polymarket allows users to place bets using cryptocurrency on real-world events.

Earlier this month,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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