Polymarket Bags $70m in Investment Led by Vitalik Buterin

Krutika Adani

Polymarket, a blockchain-based gambling platform has secured an investment of $70 million

The lead investors in the company were Peter Thiel and Vitalik Buterin

Thiel has backed several successful businesses like PayPal, Facebook and Airbnb

Polymarket has a $40 million trading volume and a user count of 2600

Buterin praised Polymarkets in 2020, saying it could attract Web2 users into crypto