Polymarket, Popular Election Betting Platform, May Launch Its Own Cryptocurrency

Polymarket, a popular decentralized platform for betting on real-world events, is reportedly exploring the launch of its own cryptocurrency. The platform is in talks to raise $50 million in funding, which would include token warrants for investors. The potential token could be used to validate event outcomes and further boost Polymarket’s popularity, which has already seen massive trade volume during the recent U.S. elections.

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