Peter Thiel's Founders Fund, Vitalik Buterin Back $45M Investment in Polymarket

Polymarket, a crypto-based prediction market platform, raised $45 million in a series B round led by Peter Thiel's Founders Fund, according to founder Shayne Coplan, who spoke to CoinDesk. Other participants include Ethereum creator Vitalik Buterin, 1confirmation, ParaFi and Dragonfly Capital, and the company has raised well over $70 million in total, including a previously undisclosed $25 million series A led by General Catalyst. The article reports that traders have wagered $202 million on Polymarket this year, per the company, and that the platform is barred from doing business with U.S. residents under a 2022 settlement with the Commodity Futures Trading Commission.