Insiders: Polymarket is in talks to raise over $50 million in new funding and is discussing the possibility of launching a token

ChainCatcher news, according to The Information citing informed sources, the blockchain-based prediction market Polymarket is in talks to raise over $50 million in new funding.

Informed sources also indicated that Polymarket has discussed the possibility of launching a token that could be used for the operation of its prediction market. If Polymarket indeed moves forward with the token issuance, it would be one of the most notable token launches since the cryptocurrency market began to recover from the 2022 crash.

Investors in this funding round will receive token warrants, giving 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 timeline for the token issuance.