Polymarket Eyes $10B Valuation After CFTC US Approval
Polymarket has secured CFTC approval after ending its US probe, clearing the path for a full US relaunch. The platform is now in talks for a funding round that could boost its valuation to about $10 billion, up from $1 billion following a $200 million Series A led by Founders Fund. Institutional support is growing, with Donald Trump Jr. joining as an adviser and backing from 1789 Capital. Polymarket has also deepened its Chainlink partnership to integrate fast, tamper-proof oracles on Polygon, enhancing liquidity and market integrity in the $2.5 billion crypto prediction market.
Bullish
Regulatory clarity following CFTC approval reduces legal risk, boosting trader confidence in Polymarket’s markets. Talks of a $10B valuation round indicate strong institutional demand, which can drive higher demand for Chainlink oracles (LINK) and Polygon infrastructure (MATIC) as Polymarket scales. Short-term, US relaunch may spike trading volume and liquidity; long-term, deeper capital inflows and robust oracle integration underpin sustainable growth and token utility.