Decentralized prediction platform Polymarket plans to complete a $200 million financing, with its valuation soaring to $1 billion, entering the ranks of "unicorns".

According to Reuters, citing sources familiar with the matter, the decentralized prediction market platform Polymarket is close to completing a funding round of up to $200 million. Once completed, the company's valuation will reach approximately $1 billion, officially entering the "unicorn" status.T

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Event-driven trading heats up, Kalshi raises $185 million with a valuation of $2 billion, Polymarket also set to complete massive fundraising.

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