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Venture company Peter Thiel leads a nine -seater C series that appreciates the prediction market at the center $ 1 billion, Although American regulators still block the platform before their largest potential audience.
Polymarket, a prediction platform based on a blockchain that allows retailers to bet on everything from the US presidential race to the deadline of Taylor Swift, is ready to increase $ 200 million In fresh capital led by Peter Thiel Founder FundAccording to people who are familiar with negotiations.
Agreement, first reported Bloomberg Late Tuesday, lifts PolyMarket’s penalty award $ 1 billiondo one of the first Blockchain -Nate betting places that require the “unicorn” status.
The founding fund, which was already supportive after series B in the amount of $ 45 million last May, doubles, with what sources call their largest individual investment in a decentralized launch. Partner Joey krug said BLOCKWORKS The company’s partners “They have evolved the habit of checking the polymarket at the time of messages… It was clear to us that the polymarket was the winner of this market.”
The game to belief extends the bridge between the main capital of Silicon Valley Blue -chip and the industry still surrounds the gray edges of the US Gambling Act.
Why do they like chances
- Wiring record. Monthly active merchants climbed around 475,000 During the US elections while hit an open interest $ 463 millionboth All -time Highs.
- Election super -cyclus. Markets related to the 2024 election campaign have been cleaned by more than 2 billion dollars At the betting of the polymarket, the living demo of its work “wisdom of crowds”.
- Distribution wound. The assertion at the beginning of this month allows Elon Muska to X Natively polychanette polymarket surface of applications through their assistant Grok AI and exposure to venue 600 million -plus Monthly users, according to CEO Xa Yaccarino.
Elephant
Polymarket remains officially for all its momentum off -limits For us residents. In January 2022 the company paid AND $ 1.4 million Alright to settle the Commission for Trading with Commodity Futures fees for hosting unregistered swaps based on the event. The page now geblcks American IP addresses, but the pressure to coerce laws did not mention: FBI agents searched the founder Shayne CoplanThe last apartment in New York November.
The fact that legal shadows are important because the United States is by far the most lucrative betting market in the world. Venture analyst claims that the Founder of Valuation Founders only applies if the polymarket eventually unlocks access.
Polymarket’s Blockchain -Nate model contrasts with the regulated “cash market” of the opponent Kalshiwho spent three years and millions in legal fees by finding CFTC approval on the list of political contracts. Other decentralized participants offer lower fees or sports specific markets, but have to prove comparable liquidity and none of them publicly published award north of $ 1 billion.
Watch the money
| Date | Wheel | Investors | Increase | Valuation after money | Position |
|---|---|---|---|---|---|
| October 2020 | Seed | Polychain, angels | $ 4 m | On | Confirmed |
| January 2024 | Series A. | 1kx, naval ravikant | $ 25 m | Reported: 150 m | Confirmed (amount); Unverified |
| May 2024 | Series b | Founding Fund, Vitalik buterin* | 45 $ m | Reported: 350 m | Confirmed (amount and lead); The award was not published |
| June 2025* | C. | Founder Fund | $ 200 | Reported: $ 1 B | Not closed; on the basis of leaks |
* Vitalik Buterin was attended by series B, although it was not officially listed as a leadership.
* The C -series numbers come from a leak from Bloomberg and remain unconfirmed by a fund of polymarkets or founders.
For decades, prediction markets have been on the edge of finance, but advocates claim that the crypt of rails allow them to clean trading cheaply, transparently and fundamentally without a central bookmaker. Advocates such as the co -founder Ethereum Vitalik buterin call Polymarket and “good social philosophy”, where prices compress real -time information faster than public opinion surveys or hot -takes puntit what they could have ever been.
However, the same decentralization alarms regulatory bodies who consider contracts on events as unlicensed derivatives. Whether a polymarket can convert the headline into a sustainable, legal and ordinary enterprise will determine whether the wisdom of the crowds can finally pass the compliance test.
The nine -seater betting bet signals that some of the most influential investors of Silicon Valley believe that regulatory chances will disrupt the polymarket path. Until it does, Unicorn Crown is sitting on a platform that has kept silent from the richest Bettors fund in the world, and this can prove the most risky bet of all.
