Polymarket raising round at $21 billion valuation amid fraud concerns
- —The new round values the company at about $21 billion
- —Concerns relate to fraud, compliance and the reliability of the US platform
- —The company's problems intensified in February
Why it matters: The largest prediction market may secure capital at a $21 billion valuation, but regulatory and reputational risks are weighing on the sector.
Source: Seeking Alpha Crypto
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