cryptocurrency based forecasting platform Polymarketraised $45 million in a series B funding round from major investors.

Famous billionaire Peter Thiel’s Founders Fund The financing round led by Ethereum (ETH) It was stated that important names such as founder Vitalik Buterin, 1confirmation, ParaFi and Dragonfly Capital attended.

It was not disclosed how much the company was valued after the financing round.

Polymarket co-founder Joey Krug said in a statement to The Block:

“Polymarket has finally made the vision of prediction markets a reality; It is an opportunity we have been eagerly awaiting for years.

The tangible benefits of using Polymarket as a complement to consuming news on social and mainstream media were clear. “It became clear to us that Polymarket was the winner in this market.”

Polymarket claims that approximately $202 million worth of predictions have been made for 2024 so far through the platform.

Late last year, Bitwise analysts predicted that a record $100 million would be invested in crypto-based prediction markets (of which Polymarket is by far the largest) in 2024.

*This is not investment advice.

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