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Will Polymarket secure additional funding by the end of 2024?
5
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 news reports
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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Similar markets
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%
Yes, Polymarket scales back its operations • 50%
No, Polymarket continues its operations as usual • 50%
Founders Fund • 20%
General Catalyst • 20%
Vitalik Buterin personally • 20%
Polychain • 20%
New Investor • 20%
Polymarket expands globally • 50%
Polymarket does not expand globally • 50%
