Polymarket negotiates multibillion-dollar round at a $15 billion valuation - The Information
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Polymarket negotiates multibillion-dollar round at a $15 billion valuation - The Information

The prediction market platform Polymarket is discussing raising about $400 million in a new funding round that values the company at around $15 billion, The Information reports. The information comes shortly after Intercontinental Exchange invested $600 million.

The new round can, together with earlier capital from Intercontinental Exchange, total about $1 billion and is expected to include more strategic investors.

The move reflects growing interest in event-driven trading, where players such as Polymarket and Kalshi are increasing both trading volumes and user engagement.
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