Pro Peter Thiel's Founders Fund will lead a $200 million financing for Polymarket.

According to a report by Golden Finance, market news indicates that Silicon Valley pro Peter Thiel's Founders Fund will lead a $200 million financing round for Polymarket, with $50 million of this transaction being previously undisclosed financing. SimilarWeb data shows that in May, Polymarket's website traffic reached a new high, with 15.9 million visits, surpassing competitors FanDuel, DraftKings, and Betfair. Polymarket has also recently partnered with Musk's xAI and is exploring the issuance of Tokens.