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Insider: Polymarket valued at least $3 billion in new funding round, with a few investors submitting a term sheet valuing the company at $10 billion.

By: theblockbeats.news|2025/09/13 01:22:51

BlockBeats News, September 13th, according to a report from businessinsider, the prediction platform Polymarket is launching a new round of funding, which, according to two anonymous sources familiar with the matter, will significantly increase the valuation of this startup. With Polymarket seemingly preparing to enter the U.S. market, investor demand is steadily rising. Despite valuation fluctuations, the sources said that this funding round will at least push its valuation to over $30 billion. One source revealed that at least one investor's term sheet values the company at as much as $100 billion.

Peter Thiel's Founder's Fund previously led the company's last funding round with a $1 billion valuation, bringing its total funding to $255 million.

A whale address has deposited 5.1 million U to open a 20x ETH short position on HyperLiquid.

The Information: Polymarket and Kalshi are each considering new funding rounds at valuations of $9 billion and $5 billion, respectively