Decentralized prediction platform Polymarket is finalizing a $200 million funding round that would value the company at $1 billion, according to multiple reports. The investment, led by Peter Thiel’s Founders Fund, marks a significant milestone for the blockchain-based prediction market.
This funding follows two successful rounds in May 2024 that raised $70 million combined. The platform has experienced explosive growth during the 2024 U.S. election cycle, processing record user traffic and billions in wagers.
The capital injection will accelerate Polymarket’s expansion and regulatory compliance efforts as prediction markets gain mainstream traction. Vitalik Buterin, Ethereum’s co-founder, previously backed the platform alongside other notable investors.
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Funding Rounds Breakdown
Polymarket’s funding journey demonstrates rapid valuation growth:
| Round | Date | Amount | Lead Investors |
|---|---|---|---|
| Seed | Oct 2020 | $4M | Polychain |
| Series A | May 2024 | $25M | General Catalyst |
| Series B | May 2024 | $45M | Founders Fund |
| Pending | Jun 2025 | $200M | Founders Fund |
The current round includes $50 million in previously undisclosed funding according to sources. This capital surge comes as prediction markets increasingly influence event forecasting.
Investor Backing
Founders Fund emerges as Polymarket’s most consistent institutional supporter, leading both the $45 million Series B and current $200 million round. The Peter Thiel-led firm demonstrates strong conviction in decentralized prediction platforms.
Other notable backers include Airbnb co-founder Joe Gebbia and Ethereum co-founder Vitalik Buterin. Their participation signals confidence in Polymarket’s unique position at the intersection of blockchain technology and event forecasting.
Platform Growth Metrics
Polymarket recorded 15.9 million visits in May 2025 alone, with users placing $8 billion in wagers according to platform data. This surge coincides with heightened interest in election forecasting and current events.
The platform recently partnered with Elon Musk’s xAI as its official prediction market. This collaboration provides institutional validation and could drive further adoption among AI-focused communities.
Polymarket is also exploring launching its native token, which could create new utility and governance mechanisms. The platform’s growth trajectory positions it as a leader in decentralized information markets.
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This funding round could accelerate institutional adoption of prediction markets, potentially influencing how traditional finance values event-driven assets. The valuation milestone demonstrates growing confidence in decentralized information markets as viable alternatives to traditional forecasting mechanisms.
- Prediction Market
- A platform allowing users to trade contracts based on event outcomes. Prices reflect probability assessments of specified events occurring.
- Valuation
- The estimated worth of a company determined through funding rounds. Polymarket’s $1B valuation places it among crypto unicorns.
- Series Funding
- Investment rounds categorized by growth stage. Series A/B target scaling operations, while later rounds support market expansion.
- Decentralized Platform
- Systems operating without central authority using blockchain. Polymarket uses this model for transparent event resolution and payouts.
