The U.S. presidential election is 41 days away and the buzzy crypto-based political betting site Polymarket is reportedly close to lining up a bet on its own future in the form of an additional $50 million investment in the company.

Investors in the proposed round would get warrants to buy tokens in the event the prediction market decides to issue one, The Information reported.

With an upcoming $50M funding round and a possible token launch, will Polymarket bet big on itself? Let’s see what that means for crypto.

Polymarket is in talks to raise over $50m in new funding and is considering launching a token to support its betting platform.

Polymarket is in discussions to raise $50 million, potentially leading to a new token launch that could transform its betting platform.

Polymarket, a blockchain-based prediction market that has taken off as a place for people to bet on the U.S. election, on Taylor Swift’s engagement prospects and on who will win the Super Bowl, is in talks to raise more than $50 million in new capital,