Polymarket, a prediction market platform where users bet on real-world events, is reportedly close to securing a massive $200 million investment led by Peter Thiel’s Founders Fund. This would value the company at a cool $1 billion, putting it in the coveted "unicorn" club.

Editor’s Note: A $1 billion valuation is a big deal—it signals that investors see serious potential in Polymarket’s blend of betting and decentralized finance, even as regulatory scrutiny around prediction markets lingers. Thiel’s involvement adds credibility, but it also raises questions: Will this fuel mainstream adoption, or will regulators push back harder? Either way, it’s a major moment for the niche world of crypto-based prediction platforms.