Ethereum to gain new unicorn as Polymarket bags 1 billion USD valuation

Polymarket is on track for a funding round of 200 million USD, potentially making it a unicorn with a valuation exceeding 1 billion USD. This growth highlights a rising institutional interest in practical Web3 platforms.

The company offers users the chance to wager on various real-world events, setting it apart in the prediction market. Its collaboration with Elon Musk’s X indicates mainstream viability, suggesting that institutional investors see great value in blockchain-based forecasting.

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