New York-based, Polymarket a market prediction company raised $70 million led by Founders Fund in a funding round.

ParaFi and 1confirmation actively backed the round with participation from Dragonfly, Vitalik Buterin (Ethereum founder), and Kevin Hartz (co-founder of Eventbrite). Polumarket also raised $25 million from General Catalyst in the Series A round.

Polymarket Raises $70M in Funding

CEO Polymarket, Shayne Coplan said that the raised funds will help our team for a better development program and expansion. Polymarket also planned phase manner expansion.

Polymarkey is a market prediction platform that helps traders with the stock outcome in future events based on market analysis. Polymarket understands the fundamentals and news in real time and predicts market prices.

Moreover, Polymarket has given $202M worth of predictions so far in 2024.

Also Read: Figure Raised $675M at $2.6B

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