Nazia Saeed
- Polymarket is reportedly finalizing a $200M raise led by Founders Fund, valuing the crypto betting platform at $1B despite U.S. restrictions.
- The platform’s partnership with X and AI chatbot Grok has bolstered visibility following explosive growth during the 2024 U.S. election.
- With over $1B in monthly volume and 1.2M users, Polymarket is expanding its global footprint amid regulatory challenges.
Blockchain-powered prediction market Polymarket is nearing completion of a $200 million funding round, which would bring its valuation to approximately $1 billion, granting it “unicorn” status, according to reports from Reuters and Bloomberg. The round is reportedly being led by Peter Thiel’s Founders Fund, citing sources familiar with the matter.
If finalized, the new valuation would mark a major milestone for the company, even as it remains off-limits to U.S. users due to regulatory restrictions. In November, the FBI executed a search warrant tied to the company, seizing electronics from founder Shayne Coplan amid concerns that Polymarket may have been accessible to American residents.
Polymarket has already secured over $100 million in funding, including an undisclosed $50 million investment earlier in 2025, the reports added.
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Strategic alliance with X and AI push
The potential raise follows Polymarket’s high-profile partnership with Elon Musk’s social platform X, announced in early June. The collaboration aims to integrate Polymarket’s real-money prediction markets with Grok, X’s in-house artificial intelligence chatbot, in an effort to elevate data-driven discourse and user engagement.
Polymarket’s visibility and user activity surged during the 2024 U.S. presidential election, where the platform saw trading volumes soar to $2.5 billion in November. Bettors used crypto to wager on an array of political and global outcomes, ranging from election winners to interest rate decisions.
The platform continues to offer markets on highly topical global issues, including the likelihood of Israel striking Iran, the possibility of a U.S. recession in 2025, Russia-Ukraine ceasefire odds, and outcomes of the New York City mayoral primary. It also features a market predicting an 87% chance that the GENIUS Act stablecoin bill will become law in 2025.
Massive growth despite regulatory hurdles
Despite its restriction in the United States, Polymarket has become one of the most active global prediction platforms. According to analytics from the company and third-party sources, the platform currently boasts:
- 1.2 million global traders
- 21,000 open markets
- 20 million active positions
- $700 million in total trading volume
While regulatory scrutiny continues to shadow its U.S. future, Polymarket’s international growth trajectory and upcoming funding round signal strong investor confidence in decentralized prediction markets powered by blockchain and AI.
