The Polymarket blockchain prediction market platform is close to finalizing a $200 million funding round that would value the company at over $1 billion, sources reported on June 24, 2025. This significant capital raise, expected to be led by Peter Thiel's Founders Fund, coincides with the platform's extraordinary growth, which saw $3.2 billion in trading volume during the 2024 U.S. presidential election in November, and recently announced a partnership with Elon Musk's X platform in early June 2025, combining Polymarket's prediction markets with analysis from the Grok AI chatbot.
Polymarket, which enables betting on a wide range of events using cryptocurrency, had previously raised over $100 million, including $70 million in funding in May 2025, comprising a $25 million Series A round led by General Catalyst and a $45 million Series B round led by Founders Fund, with participation from notable investors such as Ethereum co-founder Vitalik Buterin and Airbnb co-founder Joe Gebbia. The platform currently has around 1.2 million traders, 21,000 open markets, 20 million open positions, and $700 million in trading volume, while according to Dune Analytics, Polymarket's monthly trading volume for May 2025 was approximately $1.1 billion, down 56% from its November peak of around $2.5 billion.
Despite facing bans or restrictions in multiple countries, including the United States, France, Singapore, Thailand, Taiwan, Poland, and Belgium, the platform continues to grow, with this funding round earmarked for navigating regulatory hurdles and accelerating international expansion. If successful, this funding round would make Ethereum-based Polymarket one of the few crypto unicorns in the current market cycle, indicating that institutional investors see significant value in blockchain-based forecasting platforms that connect digital assets with real-world data.
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Shubham Sahu
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Brian Danga
