Polymarket Reportedly Seeks Funding at $12 Billion Valuation
Market sources report Polymarket is preparing a new fundraising round, raising its target valuation from $10 billion to $12 billion.
Summary
Polymarket, a blockchain-powered prediction platform, is reportedly seeking a new investment round at a $12 billion valuation, up from its previously disclosed $10 billion. The increased target suggests growing investor confidence in the platform’s potential.
Terms & Concepts
- Blockchain-based prediction platform: An online service that uses blockchain (distributed digital ledger) technology to allow users to bet on real-world events.