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Home›Crypto›Market Structure›Polymarket seeks fundraising at valuation above $20 bi…

Polymarket seeks fundraising at valuation above $20 billion

CNBC previously reported that Polymarket said its annualized revenue was well above $1 billion.

Reported · Written up by our desk · Market Structure

CNBC reports that Polymarket is in discussions for a fundraising round that would value the company at more than $20 billion.

The talks follow Polymarket telling CNBC in June that its annualized revenue was well above $1 billion.

CNBC says the latest reports come after that disclosure, suggesting investors are looking at the firm’s current revenue run-rate as part of the valuation discussions.

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Sources

CNBC FinancePolymarket in talks for fundraising round at more than $20 billion valuation
CNBC FinancePolymarket in talks for fundraising round at more than $20 billion valuation

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