Peter Thiel's Founders Fund, Vitalik Buterin Back $45M Investment in Polymarket
Summary
Polymarket, a cryptocurrency-based prediction market platform, raised $45 million in a series B funding round with lead investor Peter Thiel's Founders Fund. Other investors include Vitalik Buterin, 1confirmation, ParaFi, and Dragonfly Capital. The company has raised close to $75 million in total. Polymarket has hired Richard Jaycobs as head of market expansion and is the most successful attempt to build prediction markets on crypto infrastructure. It is barred from doing business with U.S. residents due to a 2022 settlement with the Commodity Futures Trading Commission.
