Polymarket has become the latest crypto startup to reach unicorn status after a new funding round valued the company at around $1 billion.
Led by Founders Fund, the round reflects growing institutional confidence in prediction market platforms.
On the heels of Polymarket’s announcement, rival Kalshi revealed a $185 million raise at a $2 billion valuation, indicating rising momentum in the event-driven crypto space.
Trading Volumes Soar Despite US Restrictions
Despite being restricted in the U.S. due to regulatory barriers, Polymarket has seen a significant rise in user activity.
The platform has now processed more than $14 billion in lifetime trading volume, with over $1 billion traded in May 2025 alone.
It currently averages 20,000 to 30,000 daily traders — a figure that rivals or exceeds many decentralized exchanges.
Partnership with X Boosts Reach
A new content deal with X (formerly Twitter) is expected to give Polymarket a visibility boost by embedding predictions into users’ timelines.
This move aims to draw in non-crypto-native users, transforming prediction markets from niche tools into mainstream financial products.
Polymarket’s transactions all settle in USDC on the Polygon blockchain, further accelerating stablecoin usage and ecosystem activity.
Market Calm and Legislative Momentum Help Sector
Geopolitical developments, including a ceasefire between Israel and Iran since June 23, have helped stabilize markets.
With crypto volatility declining, sentiment has improved, and Bitcoin remains steady above the $100,000 level.
Traders are showing less demand for downside protection and are instead using options to gain upside exposure without fully committing to spot purchases.
Meanwhile, the U.S. Senate passed the GENIUS Act — a stablecoin regulation bill — and President Trump has urged swift approval.
Additionally, the Federal Reserve announced it would drop “reputational risk” from its supervisory framework, easing access to banking services for crypto firms.