Polymarket to launch token for fundraising

Self-proclaimed decentralized prediction platform Polymarket has fallen into financial trouble and may have to do a fundraising to recover from it. Polymarket is actually a betting platform, all its investors are actually gamblers, so it has proposed to launch tokens worth about $50 million.

Polymarket has been doing unnecessary political betting for some time and was giving results contrary to the expectations of the crypto industry. I can say with confidence that Polymarket did this deliberately to grab the money of investors (gamblers), due to which its support in the cryptoverse fell.

Investors also have to understand that gambling is a bad thing, only the gambler wins in it. Now the purpose of this fundraising program that is being brought will also be that investors lose their investment in Polymarket. At present, it is up to the investors whether they want to invest in it or not.1a