#knowldgeispower #Polymarket Weighs $9B Valuation Amid User Surge and CFTC Approval: The Information
That would be a massive jump as the betting platform raised funds at just a $1 billion valuation just back in June.
What to know:
Polymarket considered a $9 billion valuation in a potential deal, sources told The Information.
The CFTC recently cleared Polymarket to operate in the U.S. after a prior ban.
Rival Kalshi’s valuation has also grown to $5 billion, according to report, highlighting momentum in prediction markets.#Polymarket
Polymarket, the online betting exchange where users wager on real-world outcomes, has weighed a deal that would value the company at $9 billion, according to The Information.
