{"id":33438,"date":"2025-06-24T14:32:06","date_gmt":"2025-06-24T14:32:06","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=33438"},"modified":"2025-06-24T14:32:06","modified_gmt":"2025-06-24T14:32:06","slug":"polymarket-on-the-verge-of-raising-200m-at-1b-valuation-report","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=33438","title":{"rendered":"Polymarket on the Verge of Raising $200M at $1B Valuation: Report"},"content":{"rendered":"<div>\n<p>Blockchain-based prediction market Polymarket is edging closer to a $200 million raise at a $1 billion valuation, <a href=\"https:\/\/www.theinformation.com\/articles\/polymarket-nears-200-million-fundraising-valuation-1-billion\">The Information<\/a> reported, citing people familiar with the plan.<\/p>\n<p>Peter Thiel\u2019s Founders Fund is said to be leading the round, the report added. The $200 million figure includes $50 million that was raised in previously unannounced funding.<\/p>\n<p>According to <a href=\"https:\/\/x.com\/unusual_whales\/status\/1934732215323357578\">SimilarWeb<\/a>, Polymarket notched a record high in terms of website traffic in May with 15.9 million visits, more than rival betting markets FanDuel, DraftKings and Betfair.<\/p>\n<p>Polymarket&#8217;s continued rise comes after a U.S. election year that saw around $8 billion worth of bets placed on the platform. It was also widely cited during the election as a data source for predicting the outcome. According to a Dune data scientist, betting markets on Polymarket predict <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/03\/21\/polymarket-is-94-accurate-in-predicting-world-events-research\">outcomes with up to 94% accuracy<\/a>.<\/p>\n<p>Earlier this month, <a href=\"https:\/\/www.coindesk.com\/business\/2025\/06\/06\/polymarket-partners-up-with-elon-musks-xai\">Polymarket signed a deal with Elon Musk&#8217;s xAI<\/a> company, becoming the official prediction market partner for xAI and X.<\/p>\n<p>Last September, a separate report by The Information claimed that Polymarket was looking into <a href=\"https:\/\/www.coindesk.com\/business\/2024\/09\/23\/polymarket-reportedly-seeks-50m-in-funding-mulls-token-as-election-bets-surge\">launching its own token<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Blockchain-based prediction market Polymarket is edging closer to a $200 million raise at a $1 billion valuation, The Information reported, citing people familiar with the plan. Peter Thiel\u2019s Founders Fund is said to be leading the round, the report added. The $200 million figure includes $50 million that was raised in previously unannounced funding. According [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-33438","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33438"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33438\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}