Peter Thiel's venture capital firm, Founders Fund, led the $70 million fundraising effort for Polymarket. Polymarket is a platform that allows users to bet on political events. Additionally, more than $170 million was bet on US election-related events, resulting in a significant increase in activity on Polymarket. However, at the beginning of 2022, the CFTC fined Polymarket $1.4 million for providing over-the-counter binary options trading services without proper registration. 📉#cryptocurrency#blockchain