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Ethereum-based prediction platform Polymarket is at an advanced stage of negotiations to raise as much as $200 million in new funding, valuing the company at more than $1 billion.
Once completed, the round would make Polymarket one of the few crypto-native companies to achieve unicorn status in 2025, as institutional players increasingly increase their interest in blockchain-based applications. The Information reported the development, though the company has yet to release any official confirmation.
This new round follows a successful $70 million capital raise in May 2025. That included a $25 million Series A led by General Catalyst and a $45 million Series B led by Founders Fund. Previously raised investment rounds featured top investors, including Vitalik Buterin, Joe Gebbia, and Polychain Capital, indicating high confidence in Polymarket's long-term potential in the Web3 ecosystem.
Polymarket has become popular because it enables users to place wagers on the outcomes of real-world events, such as worldwide politics, sports, and international events. This model has set it apart from conventional betting platforms by proving that blockchain infrastructure can support practical, real-time applications. The platform’s use cases are expanding at a time when interest in prediction markets is also growing across traditional finance.
In another development earlier this month, Polymarket joined forces with the X platform, headed by Elon Musk. This partnership increased the company's visibility and demonstrated that it is possible to raise blockchain platforms without relying on token launches. The action follows a broader trend in the industry, where prediction markets such as Kalshi fall under U.S. regulation. The Commodity Futures Trading Commission (CFTC) is gaining mainstream traction among users and investors.
Also Read: Is Ethereum the New Digital Gold? Why Investors Still Believe So
The institutional capital inflow into Polymarket indicates a wider acknowledgment of blockchain as an appropriate solution to high-utility applications. Investors are seemingly becoming attracted to platforms that bind crypto infrastructure to real-life data, enabling new forms of speculation and analysis. This funding activity suggests strong confidence in the long-term viability of decentralized prediction markets.
With the round complete, Polymarket will be among the top crypto startups in the current cycle. This supports its shift toward Web3 applications, which are not just speculative tokens but provide actual functional, data-driven services. With the uncertain macroeconomic environment, the increasing utility emphasis in alternatives to hype is one indicator of a maturing digital asset ecosystem. Polymarket's success demonstrates that specific blockchain innovation can gain support and create real-world value.
