Decentralized prediction market Polymarket has successfully raised $70 million across two funding rounds. The most recent round, a $45 million Series B, was led by Founders Fund and included participation from Ethereum co-founder Vitalik Buterin, 1confirmation, ParaFi, and Dragonfly. The earlier $25 million Series A round was led by General Catalyst and included Polychain and other investors. This funding 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, which focuses on elections and other prediction markets, has faced challenges, including a fine from the CFTC in 2022. The company has no revenue yet.
Wow. @Polymarket announces $45M raise ($70M total) led by Founders Fund, @1confirmation and others. Love to see it. Betting markets for everything ๐ฅ https://t.co/zejZSpB932
Polymarket Raises $70 Million With Backing From Vitalik Buterin and Peter Thiel Fund โบ https://t.co/LBF8jMx3TN https://t.co/LBF8jMx3TN
"Markets for everything" is one of the killer features of crypto and no company exemplifies that better than @Polymarket, which is also one of the few crypto apps that wows my normie friends. Excited to be backing @shayne_coplan and helping markets take over the world! https://t.co/KB0XRWBquj
1/๐ Thrilled to announce @foundersfund's investment in @Polymarket! We believe @shayne_coplan and team have built the undisputed leader in the prediction market space. This marks our first consumer crypto investment and is a truly zero-to-one company. Here's why... ๐งต https://t.co/4sWghPD7GD
NEWS: @Polymarket raise a $45m Series B led by Founders Fund, 1confirmation, DragonFly, Vitalik Buterin and more
I love prediction markets. @Polymarket is a crypto-based prediction market that raised $70M from Founders Fund, GC, & Vitalik. The CFTC has cracked down on these marketplaces and fined Polymarket in 2022, so they can't operate in the US. No revenue yet. https://t.co/1muKnqwzKF
NEW: Polymarket raises $45 million in new funding with participation from Peter Thiel's Founder's Fund and Vitalik Buterin. https://t.co/2kpWqdI4oX
Excited to share that @Polymarket has raised $70m: A $45m Series B led by Founders Fund and insiders 1confirmation and ParaFi + @VitalikButerin, & Dragonfly And a $25m Series A led by General Catalyst + Polychain, @jgebbia, & more ๐ฎ๐งต https://t.co/TheJ1IxkC5
Polymarket just announced their $45M Series B. Prediction markets are fascinating, an attempt to predict the future. This poll is one to watch. https://t.co/ZTvN1sDNiw
.@Polymarket has raised $70 million across two rounds, with the most recent raise led by @foundersfund, a spokesperson said. Ethereum co-founder @VitalikButerin was among backers. https://t.co/gS3lLNFBWM https://t.co/uqkkaXsRf0
Polymarket, a decentralized prediction and betting market with a focus on elections, has raised $70M across two rounds, the most recent led by Founders Fund (Bloomberg) https://t.co/yj8U27FLni ๐ซ Subscribe: https://t.co/OyWeKSRpIM https://t.co/NCl4sz0NzM
POLYMARKET RAISES $70M INCLUDING COMMITMENT FROM VITALIK BUTERIN - Raising a full $70 million across two investment rounds, @Polymarket has just shared details of its most recent $45 million Series B. - Among the decentralized betting platformโs list of investors is #Ethereumโฆ https://t.co/TnQxT72yhf https://t.co/nhMD0A1SG8
Polymarket raises $45 million from Peter Thielโs Founders Fund, Vitalik Buterin and others https://t.co/wil0HyORWY
๐จBREAKING: @POLYMARKET RAISES $70M ACROSS TWO NEW FUNDING ROUNDS
.@Polymarket raised $45 million from investors including Peter Thiel's @foundersfund and @VitalikButerin as the crypto-based prediction market platform enjoys a big year ahead of the U.S. presidential election. @MarcHochstein reports https://t.co/fnIoggQhkh
Decentralized prediction market Polymarket completed a $45 million Series B round of financing, led by Founders Fund. Polymarket has raised a total of $70 million in two rounds of funding, with backers including Ethereum co-founder Vitalik Buterin. However, it has also beenโฆ
Prediction Markets: @Polymarket raises $70m across Series A (led by @generalcatalyst) and Series B (led by @foundersfund) "The new investment comes on the heels of a proposed ban on trading of derivatives betting on political contests and sports games from the US Commodityโฆ https://t.co/FhF9ZElwar
Congrats to @shayne_coplan and the @Polymarket team - perfectly navigated an absolutely harrowing time and came out stronger on the other side. Big things ahead. https://t.co/HsvC5iQLqp
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