Polymarket is in talks to raise $1 billion at a valuation of over $20 billion

BlockBeats News, August 4th, according to Bloomberg, Polymarket is seeking to raise funds at a valuation of over $20 billion, just months after completing its last funding round and receiving new investment from hedge fund D.E. Shaw & Co.

According to sources familiar with the matter, the prediction market platform is in early talks with potential investors, planning to raise approximately $1 billion. Due to the discussions involving non-public information, the sources requested anonymity.