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Polymarket is a social prediction protocol on the Polygon network, focused on generating insights on topics most important to society, such as the U.S. 2024 elections, crypto price predictions, and more. To achieve this, it implements a bet tokenization model where users bet on specific outcomes by purchasing and selling “shares.”
On May 14, 2024, CoinDesk mentioned in one of its posts the previously undisclosed $25M Series A funding round for Polymarket, led by General Catalyst.