CryptoUnicorn

Polymarket is making headlines as it nears the completion of a $200 million funding round that would value the decentralized prediction market platform at approximately $1 billion, according to Reuters. The raise is being led by Peter Thiel’s Founders Fund and includes previously unreported capital, pushing Polymarket’s total funding to over $124 million.

This milestone solidifies Polymarket’s status as a crypto unicorn and underscores growing institutional interest in blockchain-based prediction markets. With over $8 billion in volume during the 2024 U.S. election cycle and a user base that now rivals FanDuel and DraftKings, Polymarket is emerging as a serious contender in the future of event forecasting.

As regulatory discussions continue, Polymarket is also signaling plans for global expansion and improved compliance infrastructure—positioning itself as one of the most closely watched platforms in the Web3 space.

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Read the full story: www.ecoinimist.com/2025/06/25/1b-polymarket-big-bet-on-forecasting