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Will Polymarket expand operations outside the US by mid-2025?
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Polymarket•Founders Fund•General Catalyst•Ethereum•Vitalik Buterin•Peter Thiel•1confirmation•ParaFi•Dragonfly•Polychain•Joe Gebbia•CFTC•US•Marc Hochstein
Resolution / Starting Odds
Yes • 50%
No • 50%
Company announcements or credible market analysis
Story
Polymarket Raises $70 Million, Including $45 Million Series B, Amid Regulatory Scrutiny
May 14, 2024, 02:53 PM
Decentralized prediction market Polymarket has completed a $45 million Series B round of financing, led by Founders Fund, bringing its total funding to $70 million across two rounds. The Series A round was led by General Catalyst. Notable investors include Ethereum co-founder Vitalik Buterin, Peter Thiel's Founders Fund, 1confirmation, ParaFi, Dragonfly, Polychain, and Joe Gebbia. The new investment 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 was previously fined by the CFTC in 2022, restricting its operations in the US. The platform focuses on elections and has no revenue yet. Marc Hochstein reports.
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Polymarket expands globally • 50%
Polymarket does not expand globally • 50%
Yes, Polymarket scales back its operations • 50%
No, Polymarket continues its operations as usual • 50%
Financial derivatives • 25%
Entertainment and media • 25%
Climate and environmental • 25%
No expansion • 25%
New high-profile investors join • 50%
No new high-profile investors • 50%
Yes, Polymarket secures additional funding • 50%
No, Polymarket does not secure additional funding • 50%
Polymarket remains a leading platform • 33%
Polymarket loses significant market share • 33%
Polymarket ceases operations • 34%
Additional fines and penalties • 33%
Settlement without fines • 33%
Complete exoneration • 33%
