Prediction market platform Polymarket is reportedly in the process of raising a new funding round that could significantly increase its valuation, potentially tripling it. According to sources, at least one investor has proposed a term sheet valuing the company at up to $10 billion. This funding effort is largely driven by Polymarket's anticipated entry into the U.S. market, following CEO Shayne Coplan's announcement that the platform has secured regulatory approval to operate in the United States. The move is expected to bolster Polymarket's growth prospects and attract further investment interest.