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Polymarket Reportedly Seeks $50M in Funding, Mulls Token as Election Bets Surge

The prediction market would use the potential token "as a way for users to validate the outcome of real-world events," the Information reported. It's unclear what that would mean for UMA, the oracle Polymarket uses.

Updated Sep 24, 2024, 10:16 p.m. Published Sep 23, 2024, 11:15 p.m.
Polymarket CEO Shayne Coplan (Polymarket)
Polymarket CEO Shayne Coplan (Polymarket)