Polymarket Set to Raise $200M, Pushing Valuation Past $1B

According to The Information, Polymarket is close to raising approximately $200 million in fresh capital at a valuation of more than $1 billion. If completed, this would mark a substantial leap from its previous fundraising rounds and establish the platform as one of the leading names in the decentralized prediction market sector.

Founded in 2020, Polymarket enables users to trade on the outcomes of real-world events using a blockchain-based prediction model. The platform has gained attention for offering markets on a wide range of topics, from geopolitical events to economic indicators.

However, Polymarket is not legally available in the United States due to a 2022 Commodity Futures Trading Commission (CFTC) fine of $1.4 million for offering unregistered event-based markets.

Previous Fundraising Milestones

Prior to this potential mega-raise, Polymarket had secured at least $74 million across three known funding rounds:

• Seed Round (October 2020): Raised $4 million, led by Polychain Capital.

• Series A (January 2024): Raised $25 million from General Catalyst.

• Series B (May 2024): Raised $45 million, led by Founders Fund.

Polymarket’s Rise Through Election-Focused Markets

Polymarket’s volume charts from The Block show explosive growth in late 2024, driven primarily by the U.S. presidential election markets. The platform handled $3.6 billion in election betting and accurately forecasted the race outcome. CNN highlighted Polymarket's predictive accuracy in its coverage, noting that the platform provided more decisive and earlier odds than mainstream media and polling models during the U.S. election. The successful resolution of its presidential election market marked a breakthrough that propelled Polymarket’s prediction markets into the mainstream.

In January 2025, Polymarket reached its peak with approximately 462,600 monthly active traders before steadily declining to around 267,420 by June 2025. Meanwhile, the number of new markets consistently increased from mid-2024, starting with fewer than 1,000 in June 2024 and showing continuous growth throughout the year.

Polymarket Teams Up with X and xAI to Power Real-Time Predictions and AI Insight

In early June 2025, X and xAI announced a partnership with Polymarket, designating it as their official prediction market partner. This collaboration integrates Polymarket’s decentralized prediction markets into the X platform, offering users real-time forecasting tools and community-driven insights. Additionally, xAI aims to utilize Polymarket’s prediction data to enhance its AI systems, aligning with its mission to develop AI that engages with real-world information through open, transparent systems.

The image below shows how Polymarket’s prediction markets are now enhanced by Grok, xAI’s chatbot system. This integration demonstrates how xAI’s technology is being used to provide real-time insights directly within Polymarket’s trading interface.

As Polymarket pursues fresh funding and deepens its partnerships, the platform continues to expand its footprint in the decentralized prediction market landscape.