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Polymarket in talks to raise $400M at a $15B valuation: Report
TL;DR
Polymarket is negotiating to raise $400 million at a $15 billion valuation, according to reports. This funding aims to attract strategic investors and follows significant institutional investments in the prediction market sector.
Key points
- Polymarket is in talks to raise $400 million
- The funding round values Polymarket at $15 billion
- Intercontinental Exchange previously invested $600 million
- Prediction markets are seeing over $10 billion in monthly trading volume
- Polymarket seeks strategic investors beyond ICE
Mentioned in this story
PolymarketIntercontinental ExchangeKalshi
Prediction market platform Polymarket is reportedly in talks with investors to raise another $400 million in fresh capital, The Information reported Monday.
The $400 million raise would be made at a $15 billion valuation, The Information said, citing two people familiar with the matter.
The raise would add to a wave of institutional capital flowing into the predictions market space in recent months. New York Stock Exchange parent Intercontinental Exchange (ICE) invested $600 million into Polymarket in late March, while competitor platform Kalshi’s valuation was marked at about $22 billion in its last funding round.
The Information said Polymarket is looking to add strategic investors beyond ICE in its next funding round, which could total $1 billion.
Prediction markets started booming around the time of the 2024 US election and are now consistently recording over $10 billion in monthly trading volume across markets covering everything from sports and political elections to financial results and cultural events.
Monthly trading volume for Kalshi and Polymarket since May 2025. Source: Token Terminal
With that rise has come surging institutional interest from some of Wall Street’s biggest players.
In early March, one of Nasdaq’s options exchanges, Nasdaq MRX, filed to offer cash-settled, binary-style contracts on the Nasdaq-100 index.
Cboe Global Markets is also launching a prediction market-style offering, while CME Group partnered with American gambling company FanDuel, which will enable traders to bet on markets outside of finance.
Q&A
What is Polymarket's current valuation and funding goal?
Polymarket is valued at $15 billion and is looking to raise $400 million in its latest funding round.
How much has Intercontinental Exchange invested in Polymarket?
Intercontinental Exchange invested $600 million into Polymarket in late March.
What trends are driving growth in the prediction market space?
The prediction market sector is experiencing growth due to increased trading volumes, especially around events like the 2024 US election.
