Polymarket Nears $10B Valuation in New Funding Round Amid US Expansion
Polymarket is in advanced discussions for a funding round that could catapult its valuation to $10 billion, a tenfold increase from its $1 billion valuation this summer. Investor interest has surged following regulatory approval to operate in the US, with one term sheet reportedly reflecting the decacorn valuation.
The prediction market platform gained momentum after CEO Shayne Coplan announced on X that US regulators granted operational clearance, unlocking a massive new market. Strategic moves include onboarding Donald TRUMP Jr. as an advisor and securing investment from his 1789 Capital firm, which Trump framed as critical for US access to global prediction markets.