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Vitalik Buterin has invested millions of dollars in this project
Cryptocurrency-based prediction platform Polymarket has raised $45 million in series B funding from major investors such as Ethereum co-founder Vitalik Buterin and famous billionaire Peter Thiel.
Cryptocurrency-based prediction platform Polymarket has raised $45 million in a series B funding round from major investors.
It is reported that important names such as Ethereum (ETH) founder Vitalik Buterin, 1confirmation, ParaFi and Dragonfly Capital participated in the funding round led by famous billionaire Peter Thiel's Founders Fund.
The report did not reveal how much the company was valued after the funding round.
Polymarket co-founder Joey Krug said in a statement to The Block:
“Polymarket has finally turned its prediction market vision into reality, an opportunity we have been anxiously awaiting for years.
The tangible benefits of using Polymarket as a supplement to social and mainstream media news consumption are clear. “We clearly see that Polymarket is the winner in this market.”
Polymarket claims that approximately $202 million worth of predictions through 2024 have been made through the platform.
Late last year, Bitwise analysts predicted that a record $100 million would be invested in cryptocurrency-based prediction markets (of which Polymarket is the largest to date) by 2024. .
