Polymarket, a crypto-based prediction market platform, is on the verge of closing a $200 million raise that would value the company at $1 billion, according to a recent report from Reuters.
Key Takeaways:
- Polymarket is nearing a $200M raise at a $1B valuation led by Founders Fund.
- Despite bans and an FBI raid, the platform continues to grow and attract major backing.
- With over 21,000 open markets, Polymarket has become a global hub for political and economic betting.
The raise is being led by Founders Fund, the venture capital firm co-founded by billionaire investor Peter Thiel.
The deal would give Polymarket "unicorn" status, a notable milestone for a company that remains inaccessible to U.S. users.
Banned and Raided, Polymarket Still Draws Big Money
Despite being banned domestically and targeted by federal authorities, including a November FBI search that resulted in the seizure of electronics from founder Shayne Coplan, Polymarket has continued to attract both capital and attention.
The new investment follows over $100 million in prior funding, including an undisclosed $50 million round earlier in 2025.
It also comes shortly after Polymarket announced a partnership with Elon Musk's X, aimed at integrating its betting markets with commentary from Grok, X's AI chatbot.
X just teamed up with Polymarket.
The platform that predicted Trump's win while every poll showed 50–50.
But this isn't just a partnership…
It's the death of traditional media.
Here's why it changes EVERYTHING:
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