
The deal has not been finalized yet, and the valuation and size of the round could change as negotiations continue.
If the round ends up getting valued at what has been estimated, then this will be a huge boost for Polymarket, making it one of the world's highest-valued fintech startups.
There is also a possibility that the valuation might go even higher, depending on whether other come on board. It's clear that the company is attracting interest from institutions as well.
This level of valuation is indicative of the fast evolution of prediction markets from just another crypto experiment to a real financial tool.