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Outcome of Polymarket's regulatory scrutiny by end of 2025
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Polymarket•Founders Fund•Ethereum•Vitalik Buterin•1confirmation•ParaFi•Dragonfly•General Catalyst•Polychain•CFTC
Resolution / Starting Odds
Additional fines and penalties • 33%
Settlement without fines • 33%
Complete exoneration • 33%
CFTC announcements, court documents, or major legal news outlets
Story
Polymarket Raises $70 Million With Backing From Peter Thiel and Vitalik Buterin
May 14, 2024, 03:00 PM
Decentralized prediction market Polymarket has successfully raised $70 million across two funding rounds. The most recent round, a $45 million Series B, was led by Founders Fund and included participation from Ethereum co-founder Vitalik Buterin, 1confirmation, ParaFi, and Dragonfly. The earlier $25 million Series A round was led by General Catalyst and included Polychain and other investors. This funding comes amid regulatory scrutiny, with the US Commodity Futures Trading Commission proposing a ban on trading derivatives betting on political contests and sports games. Polymarket, which focuses on elections and other prediction markets, has faced challenges, including a fine from the CFTC in 2022. The company has no revenue yet.
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Similar markets
Fines imposed • 33%
Operational restrictions imposed • 33%
No significant penalties • 34%
Yes, Polymarket scales back its operations • 50%
No, Polymarket continues its operations as usual • 50%
Polymarket remains a leading platform • 33%
Polymarket loses significant market share • 33%
Polymarket ceases operations • 34%
Yes, Polymarket secures additional funding • 50%
No, Polymarket does not secure additional funding • 50%
New high-profile investors join • 50%
No new high-profile investors • 50%
No action • 33%
Minor penalties • 33%
Major penalties • 33%
Polymarket expands globally • 50%
Polymarket does not expand globally • 50%
No action taken • 25%
Fine imposed • 25%
Trading ban imposed • 25%
Criminal charges filed • 25%
New regulations introduced • 50%
No significant changes • 50%
No Action • 25%
Fine Imposed • 25%
Restrictions on Operations • 25%
Other Penal Actions • 25%