Polymarket is valued at nearly US$3 billion, and blockchain forecast market is developing rapidly
Source: CoinWorld
Time: 2025-09-13 01:45:39
Decentralized forecasting platform Polymarket is valued at nearly $3 billion after a new round of financing. Founded in 2020, the platform allows users to trade predicted tokens for political, economic and sports events using smart contracts. The platform reported that its monthly active trader number will surge from 13,000 in May to 220,000 in October 2024, partly because it accurately predicted the results of the U.S. presidential election. The recent financing plan negotiated involves more than $50 million, which may include issuing tokens. Regulatory efforts include the appointment of a former U.S. Commodity Futures Trading Commission (CFTC) committee member to strengthen compliance.