🚀 **Crypto Prediction Market Polymarket Eyes $50M Funding Amid U.S. Election Fever**

Polymarket, a New York-based crypto prediction market platform, is riding the wave of U.S. election betting fever and seeking $50 million in fresh funding, according to The Information. The startup is also considering issuing its own token, with investors potentially receiving warrants to buy these tokens.

- **Funding and Tokens**: Polymarket aims to use the new token for validating real-world event outcomes.

- **Market Performance**: Monthly volume hit an all-time high of $472M in August.

- **Regulatory Hurdles**: U.S. users are blocked due to regulatory settlements, but some bypass this via VPNs.

What are your thoughts on the future of crypto-based prediction markets? Share in the comments! 💬