Blockchain-based predicted market polymercate is close to $ 200 million on an evaluation of $ 1 billion, Information Reported citing people familiar with the report.
The report states that the founder fund of Peter Theal is led by the round. The figure of $ 200 million includes $ 50 million which was earlier raised in undeclared funds.
As SimilarPolymarkets in May in the context of the website traffic kept a record high -level monitoring with 15.9 million visits, more fanduel, draftkings and betfare than rival betting markets.
The continuous growth of polymercate comes after an American election year with a bet of about 8 billion dollars on the stage. It was widely quoted during the election as a data source to predict the result. According to a tibba data scientist, betting markets on polymercate predict results with 94% accuracy.
Earlier this month, Polymarket signed an agreement with Elon Musk’s XAI company, which became an official prediction market partner for XAI and X.
Last September, a separate report of information claimed that Polymarket was looking at his own tokens.
