Peter Thiel's enterprise capitalist Vitalik Buterin backs $70 million increase for Polymarket

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  • Peter Thiel's enterprise capital agency Founders Fund co-led Polymarket's $45 million Sequence B funding.
  • Ethereum co-founder Vitalik Buterin additionally supported the Sequence B spherical.
  • The prediction market additionally introduced that it has raised $25 million in a Sequence A spherical led by Normal Catalyst and Polychain.

The most recent cryptocurrency information associated to enterprise capital funding comes from prediction market Polymarket.

In an announcement Tuesday, Polymarket revealed that it has raised $45 million in a Sequence B spherical and $25 million in a Sequence A spherical.

The $70 million complete increase was backed by a few of the main enterprise capital corporations out there. This comes after knowledge confirmed that crypto VC funding exceeded $1 billion in April, marking the second consecutive month in a row that the sector reached a landmark determine.

Founders Fund and Vitalik Buterin spend money on Poymarket

Founder Shane Coplan mentioned: publish X reported that Peter Thiel's enterprise capital agency Founders Fund, Dragonfly, and Ethereum co-founder Vitalik Buterin led the Sequence B spherical.

In the meantime, Normal Catalyst, Polychain, and Airbnb co-founder Joe Gebbia led a $25 million Sequence A funding spherical.

Polymarket's success in elevating two rounds of funding comes because the prediction platform attracts extra customers as betting on the upcoming US presidential election will increase. Polymarket can also be a sizzling market for subjects reminiscent of cryptocurrencies, sports activities, and present affairs.

Apart from the US presidential election, this week's prime tendencies embrace the Spot Ethereum ETF, GameStop (GME) inventory, and bets on Bitcoin value.

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