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Market
Type of new markets Polymarket will expand into by 2025
5
Polymarket•Founders Fund•Ethereum•Vitalik Buterin•1confirmation•ParaFi•Dragonfly•General Catalyst•Polychain•CFTC
Resolution / Starting Odds
Financial derivatives • 25%
Entertainment and media • 25%
Climate and environmental • 25%
No expansion • 25%
Polymarket official announcements or major technology 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
Polymarket expands globally • 50%
Polymarket does not expand globally • 50%
New high-profile investors join • 50%
No new high-profile investors • 50%
Polymarket remains a leading platform • 33%
Polymarket loses significant market share • 33%
Polymarket ceases operations • 34%
United Kingdom • 20%
Germany • 20%
Canada • 20%
Australia • 20%
Singapore • 20%
Yes, Polymarket secures additional funding • 50%
No, Polymarket does not secure additional funding • 50%
Yes, Polymarket scales back its operations • 50%
No, Polymarket continues its operations as usual • 50%
Venture Capital • 25%
Private Equity • 25%
Crowdfunding • 25%
Corporate Investment • 25%
Technology • 25%
Real Estate • 25%
Education • 25%
Finance • 25%
Asian Markets • 25%
European Markets • 25%
Latin American Markets • 25%
African Markets • 25%