Polymarket in Talks to Raise $400M at $15B Valuation: Report

In brief

• Polymarket is reportedly seeking to raise $400 million at a $15 billion valuation in a new funding round.
• The round follows a $600 million investment from NYSE parent company Intercontinental Exchange, which brought its total investment in the prediction market to $2 billion.
• Rival prediction market Kalshi saw its valuation double to $22 billion following a $1 billion raise last month.

Prediction markets platform Polymarket is in talks to raise $400 million at a valuation of around $15 billion, according to The Information.

Per The Information’s reporting, the prediction market firm is ​looking to ​add additional ⁠strategic investors beyond New York Stock Exchange parent company Intercontinental Exchange to the round, which could total $1 billion.

The new funding round follows a $600 million investment in Polymarket by Intercontinental Exchange last month, bringing its total investment in the prediction market firm to $1.6 billion. At the time, ICE announced that the firm would purchase up to $40 million worth of Polymarket securities from existing holders, fulfilling its commitment to invest $2 billion in the firm in an October 2025 deal that valued the company at $9 billion.

ICE's relationship with Polymarket has deepened over the past six months. As part of its October deal, the exchange operator became the exclusive global distributor of Polymarket's event-driven data to institutional capital markets. In February it launched the Polymarket Signals and Sentiment tool, integrating prediction market data into its existing financial infrastructure offerings.

The institutional backing marks a turning point for prediction markets, which have evolved from crypto-native experiments to mainstream financial instruments, amid growing institutional interest. Earlier this year, Polymarket's rival Kalshi raised $1 billion to reach a $22 billion valuation, while the likes of and are making moves in the space.