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Polymarket is closing a $200 million funding round, indicating renewed interest in decentralized prediction markets, securing a $1 billion valuation, The Information reports.
What’s the Scoop?
- Massive Valuation: Polymarket is reportedly closing a $200 million funding round, bringing its valuation to $1 billion.
- Renewed Interest: The fundraise highlights renewed investor confidence in decentralized prediction markets, especially post-2024 U.S. elections.
- Recent Growth: Polymarket has seen three consecutive months of trading volume growth, peaking at $1 billion in monthly volume in May 2025.
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