Polymarket Seeks $1 Billion Funding at $21 Billion Valuation

Prediction market platform Polymarket is raising $1 billion in a new funding round led by 1789 Capital, which plans to contribute approximately $300 million. The round values the company at $21 billion, up from $15 billion in April. Polymarket is currently targeting institutional users and seeking regulatory approval in the U.S. to offer margin trading services. Despite previous investments from Intercontinental Exchange, the platform faces ongoing regulatory uncertainty regarding jurisdictional authority between state and federal derivatives regulators, a