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This summary text is fully AI-generated and may therefore contain errors or be incomplete.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Polymarket, a blockchain-based prediction market platform, is reportedly closing a $200 million funding round led by Peter Thiel’s Founders Fund, valuing the company at $1 billion. Despite regulatory scrutiny and an FBI investigation, the platform is on track to achieve ‘unicorn’ status.
- Polymarket is set to raise $200 million in a funding round led by Peter Thiel’s Founders Fund, valuing the company at $1 billion.
- The platform has been banned for U.S. users and faced an FBI investigation in late 2023, with founder Shayne Coplan’s electronics seized.
- Despite regulatory hurdles, Polymarket’s $1 billion valuation marks it as a 'unicorn' in the blockchain prediction market space.
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