Polymarket has launched Bitcoin deposits on its platform, expanding its services to the Bitcoin network. This development comes as the company is reportedly finalizing a $200 million funding round, aiming for a $1 billion valuation. The move follows a no-action letter from the CFTC, which positions Polymarket for a potential U.S. relaunch after addressing previous compliance issues. The platform now supports Bitcoin staking for prediction markets on real-world events, boasting over 21,000 active markets and 1.2 million global traders. This expansion is part of Polymarket's strategy to enhance its offerings and attract more users to its prediction market services.