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Polymarket seeks fundraising at valuation above $20 billion
CNBC previously reported that Polymarket said its annualized revenue was well above $1 billion.
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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