Prediction platform Polymarket in talks to raise funds at up to $15bn valuation
Polymarket, the online prediction platform that hosts bets on events such as the Iran war, is in talks to raise $400m (£296m) at a valuation of up to $15bn. During this time the US company has experienced a massive increase in volume, with more than $1bn a week now traded on its platform. The latest fundraising round could lead to the business being valued at about $15bn, an increase of two-thirds on the previous valuation, according to the tech news site The Information.
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