Giancarlo joins the board to help Polymarket return to the U.S. market
Source: CoinWorld
Time: 2025-09-14 00:53:17
Polymarket is a decentralized forecasting market platform with a valuation of up to $10 billion. The company is preparing to re-launch its U.S. market after raising $45 million in a Series B round led by Founders Fund. The platform uses smart contracts and decentralized oracles for event-based transactions, with its monthly active traders surged from 13,000 in May to 220,000 in October 2024, with monthly transaction volumes approaching $2 billion. Despite a settlement with the U.S. Commodity Futures Trading Commission (CFTC) in 2022 and facing ongoing regulatory challenges, Polymarket is still exploring a $50 million round of financing and plans to move to the order book system to enhance market flexibility.