The Information reported that Polymarket is in talks to raise about $400 million at a valuation of roughly $15 billion, including the new money. The report said the discussions were based on people familiar with the talks.
The potential round would affect Polymarket and its existing backers because it would add to the $600 million already invested by Intercontinental Exchange and could push the broader financing effort to about $1 billion if additional strategic investors join.
For now, the main point to watch is whether the discussions turn into a completed raise. Polymarket did not immediately respond to its request for comment, leaving the proposed terms unconfirmed beyond The Information’s report.
Source: The Information.
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