Polymarket in Talks to Raise $400 Million at $15 Billion Valuation: Report
Share:
Polymarket is in talks to raise $400M at an estimated $15B valuation, with the total round possibly reaching $1B as it seeks strategic investors; Intercontinental Exchange committed $600M last month as part of a planned up-to-$2B deployment. - Rival Kalshi reports $13B monthly trading volume after fundraising at a $22B valuation, underscoring strong market activity and investor interest in prediction markets. - Implication for crypto: large fundraising and ICE partnership drive adoption, liquidity and valuation uplift for prediction-market platforms and DeFi/crypto ecosystems, though execution and regulatory scrutiny remain key risks.
Predictions Markets
See what traders are focused on
- Polymarket is in talks to raise $400 million in new funding at a $15 billion valuation.
- Total funding round could reach $1 billion as Polymarket seeks additional strategic investors.
- Rival Kalshi records $13 billion monthly volume after raising at $22 billion valuation.
Polymarket is in discussions with investors to raise an additional $400 million at a valuation of approximately $15 billion, according to The Information, which cited two people familiar with the matter.
For the unversed, Intercontinental Exchange, the company that owns the New York Stock Exchange, has also committed $600 million to Polymarket just last month as the opening move in a plan to deploy up to $2 billion into the platform.
From Niche to Mainstream in Twelve Months
Prediction markets were, until recently, a curiosity discussed primarily in academic finance circles and crypto commun…
Read The Full Article Polymarket in Talks to Raise $400 Million at $15 Billion Valuation: Report On Coin Edition.
Read More
Polymarket says No for May, Yes for June after Strategy's recent bitcoin sale
