According to BlockBeats, on September 24, The Information quoted people familiar with the matter as saying that the blockchain-based prediction market Polymarket is in talks to raise more than $50 million in new funds.

People familiar with the matter also said that Polymarket discussed the possibility of launching a token that can be used to operate its prediction market. If Polymarket does move forward with the issuance of tokens, it will be one of the most eye-catching token launches since the crypto market recovered from the 2022 crash.

Investors in this financing will receive token warrants, which will give them the right to purchase tokens if they are issued in the future. However, Polymarket has not yet made a final decision, and there is still no clear timetable for the issuance of tokens.