By The Weekly Edge desk ·
Polymarket raised US$1bn in a funding round led by 1789 Capital, Online Poker Report reported. The financing valued the prediction market platform at US$21bn, up from US$15bn a few months earlier.
Polymarket’s funding adds US$1bn in capital and raises its valuation from US$15bn to US$21bn.
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The proposed round would provide Polymarket with $1bn in additional capital.
The committee examined manipulation risks, while disputed examples highlight disagreement over which products breached standards.
Federal backing for permitted operators and insufficient congressional support underpin a lawyer’s assessment that states would gain no midterm advantage.
The planned White House meeting connects prediction market executives with President Trump and the Commodity Futures Trading Commission chairman.
JPMorgan’s estimate gives investors potential additional EBITDA from Genius Sports’ agreements with Kalshi and Polymarket.
The appeal concerns whether Polymarket’s prediction markets fall under Dutch gambling rules.