The Blockchain -based prediction market is approaching an increase of $ 200 million in an assessment of $ 1 billion, the information reported, citing people familiar with the plan.
It is said that the Fund of Founders of Peter Thiel leads the round, the report added. The $ 200 million figure includes $ 50 million that were collected in previously not announced funds.
According to Similarweb, Polymket scored a record in terms of traffic on the website in May with 15.9 million visits, more than rival betting markets Fanduel, Draftkings and Betfair.
Polymarket’s continuous increase occurs after an American election year that saw bets of around $ 8 billion on the platform. It was also widely cited during the choice as a data source to predict the result. According to a Dune data scientist, betting markets in Polymket predict the results with an accuracy of up to 94%.
Earlier this month, Polymket signed an agreement with the XAI company of Elon Musk, becoming the official partner of the Prediction market for Xai and X.
Last September, a separate report of the information said Polymket was looking to launch his own token.
