Polymarket Raises $45 Million from Peter Thiel's Founders Fund, Vitalik Buterin and Others

Polymarket Labs has raised a $45 million Series B funding round led by Peter Thiel's Founders Fund and existing investors 1confirmation and ParaFi, with participation from Ethereum ETH/USD co-founder Vitalik Buterin, Dragonfly DFLI and Eventbrite's EB co-founder Kevin Hartz. "Polymarket has finally made the vision for prediction markets a reality — an opportunity that we have been passionate about for years" Founders Fund Partner Joey Krug said in a statement. "Internally at Founders Fund we developed a habit of checking Polymarket at times of breaking news. The tangible benefits of using Polymarket as a complement to consuming news on social and mainstream media was obvious. It became clear to us that Polymarket was the winner in this market." 

Read the full story at The Block.