Polymarket, the exchange of online Paris where users are betting on real world results, weighed an agreement that would appreciate the company at $ 9 billion, according to information.
The number marks an increase in its valuation of $ 1 billion barely three months ago, when it collected funds in a tour led by Peter Thiel’s Founders Fund.
The increase comes as regulators serve the restrictions. In 2021, the Commitoy Futures Trading Commission prohibited Polymarket from offering prediction contracts to the United States, but earlier this year, the agency gave the Green Light Platform to operate at the national level, opening the door to new growth.
Polymarket allows users to place bets on political elections, court decisions and geopolitical events. During the last US electoral cycle alone, the site treated more than $ 8 billion in Paris. This highlights the giants of Fanduel, Draftkings and Betfair sports betting in terms of online traffic.
The competitor Kalshi also saw his evaluation increase. The company, which offers similar real money event contracts, is now estimated at $ 5 billion, compared to $ 2 billion earlier this year, according to the same report. The jump suggests that investors are betting that regulated prediction markets could become current.
Polymarket has also attracted politically connected donors. Donald Trump’s venture capital company Jr., 1789 capital, has invested in the company in an agreement of tens of millions of dollars, Trump Jr. joining as an advisor.
Prediction markets and polymarket remain controversial in Washington, where criticisms argue that they risk fueling disinformation. Supporters, however, say that they provide a transparent gauge of public expectations on political and global events.
