Blockchain-based prediction market The Polymarket is closer to an increase of $ 200 million for a $ 1 billion valuation, reported the information citing people familiar with the plan.
Peter Thiel’s Founders Fund is said to lead the round, the report added. The $ 200 million -dollar figure includes $ 50 million, which was collected in previously unannounced funding.
According to similar web, Polymarket noted a record high in terms of site traffic in May with 15.9 million visits, more than rival bet markets Fanduel, Draftkings and Betfair.
The continuing increase of the polymarket comes after a US election year that saw about $ 8 billion worth the bet placed on the platform. It was also widely quoted during the election as a data source to predict the result. According to a dune data scientist, the bet markets on the polyming results predict up to 94% accuracy.
Earlier this month, the Polymarket signed an agreement with Elon Musk’s Xai Company and became the official prediction market for Xai and X.
Last September, a separate report from the information claimed that the polyming field was investigating launching its own token.
