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Polymarket Eyes $10 Billion Valuation Ahead of US Relaunch
Polymarket Eyes $10 Billion Valuation Ahead of US Relaunch
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BTCCSquare news:
Polymarket, the crypto-based prediction platform, is gearing up for a funding round that could catapult its valuation to $10 billion. This comes as the company prepares to relaunch in the US after receiving regulatory approval from the CFTC.
The platform, which gained traction during the 2024 US presidential election, has been under regulatory scrutiny but now has the green light to operate. Its valuation, which hit $1 billion in June, could triple or more in the upcoming round.
Investor interest is surging, with at least one term sheet proposing the $10 billion figure. Founders Fund, led by Peter Thiel, was a key player in the last funding round, signaling strong institutional confidence in Polymarket's future.
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