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Polymarket is preparing to re-enter the US market with regulatory relief from the CFTC, alongside new funding that could push its valuation to $10 billion. This move signals growing investor confidence in blockchain-based prediction markets. The company’s expansion highlights the increasing intersection of crypto innovation and traditional financial mechanisms.
- Polymarket is seeking CFTC relief to relaunch its prediction market services in the US, marking a significant regulatory milestone.
- The company's valuation could reach $10 billion, a tenfold increase from its $1 billion valuation in June 2024.
- Founders Fund, led by Peter Thiel, previously led a $200 million funding round for Polymarket, highlighting strong institutional backing.
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Related Tags: Commodity Futures Trading Commission (CFTC)