Polymarket plans to return to the U.S. and seeks new funding, with a valuation expected to reach $10 billion

ChainCatcher news, according to Cointelegraph, informed sources revealed that the prediction market Polymarket is exploring a return to the U.S. market while seeking new funding, with a new funding round potentially doubling its $1 billion valuation from June.

The report stated that an investor valued the company at as much as $10 billion. Polymarket raised $200 million in June, led by Peter Thiel's Founders Fund, which is an early backer of companies like OpenAI, Paxos, and Palantir.