24/7 Cryptocurrency News

Polymarket Eyes $1B Valuation with New $200M Crypto Fundraise

Published by

Polymarket, a leading blockchain-based prediction platform, is reportedly in talks to raise $200 million in new funding, which could value the company at over $1 billion, according to The Information. The deal, if completed, would mark a major milestone for crypto-native markets in 2025.

Advertisement

Polymarket Seeks Unicorn Status with Fresh Funding

According to The Information, Polymarket is close to finalizing a $200 million fundraising round that would value the company at more than $1 billion. The round has not yet been officially confirmed by the company or its backers, but negotiations are said to be advanced.

This comes just weeks after, the decentralized platform announced it had raised $70 million in May 2025 across two separate rounds—a $25 million Series A led by General Catalyst and a $45 million Series B led by Founders Fund. Notably, investors like Vitalik Buterin, Joe Gebbia, and Polychain Capital were part of those earlier rounds, showcasing strong institutional and strategic interest.

The platform has gained prominence in recent months by allowing users to wager on real-world outcomes ranging from U.S. politics to global conflicts—driving attention to on-chain prediction markets as a high-utility crypto use case.

Advertisement

Rise of Polymarket and Prediction Markets

Prediction markets are gaining momentum in both Web2 and Web3 ecosystems. Platforms like Kalshi, a CFTC-regulated U.S. event trading exchange, are pushing real-world outcome markets further into the mainstream. This aligns with Polymarket’s traction, especially amid rising user interest in geopolitics, elections, and macro-finance predictions.

Earlier, as reported by coingape, Polymarket inked a partnership with Elon Musk’s X platform thus highlighting that crypto projects can scale even without token launches.

The fresh $200 million funding round positions Polymarket among the few unicorn-status crypto infrastructure firms in the current cycle. It also signals that Web3 applications tied to real-world data and forecasting are attracting serious institutional capital—even amid cautious macro conditions.

Advertisement

Share
Sunil Sharma

Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO's in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on X at @sharmasunil8114 and reach out to him at sunil (at) coingape.com

Published by

Recent Posts

  • 24/7 Cryptocurrency News

U.S. Inflation Data: BLS to Release CPI Report on October 24 Amid Government Shutdown

The Bureau of Labor Statistics (BLS) has rescheduled the release of the September Consumer Price…

October 10, 2025
  • 24/7 Cryptocurrency News

Bank of America, Citigroup and Goldman Sachs Explore Issuing Stablecoins Pegged to G7 Currencies

A group of major world banks is working on a new stablecoin tied to G7…

October 10, 2025
  • Bitcoin News

Breaking: Bitcoin Falls After Trump Threatens ‘Massive’ Increase in Tariffs on China

U.S. President Donald Trump sparked panic in the crypto market after threatening to massively increase…

October 10, 2025
  • Bitcoin News

Breaking: $8 Trillion Morgan Stanley Opens Bitcoin Investments to All Wealth Clients

Morgan Stanley, which manages $8 trillion in assets under management (AuM), plans to allow all…

October 10, 2025
  • 24/7 Cryptocurrency News

Bitget Strengthens On-Chain Rewards Push With Early Hunter Airdrop Launch

Bitget has launched the fourth phase of its Early Hunter Airdrop, featuring BinanceLife (币安人生) and…

October 10, 2025
  • 24/7 Cryptocurrency News

Fed’s Chris Waller Reiterates Support for Rate Cuts but Urges Caution On Pace

Fed Governor Chris Waller has again expressed support for additional Fed rate cuts. However, he…

October 10, 2025