The NYC-based prediction market Polymarket secured $70 million in capital.
Investors
- Ethereum founder Vitalik Buterin
- Dragonfly
- co-founder of Eventbrite Kevin Hartz
- Founders Fund
- 1confirmation
- ParaFi
- General Catalyst
- Polychain
- Joe Gebbia of Airbnb
Use of funds
The money will be used by the business to increase operations and development initiatives.
About Shayne
Shayne Coplan founded Polymarket, a prediction market where traders make accurate predictions about future events and profit when they do. They respond instantly to breaking news, and market prices predict the possibility of significant occurrences. These projections are used by organizations, people, and the media to report news and comprehend the future. A record $202 million worth of 2024 predictions have been made on Polymarket thus far, spanning politics, pop culture, current affairs, and more.
