Polymarket announced today that it is in early-stage discussions with investors for a new funding round, potentially valuing the crypto-native prediction market platform at $12–15 billion, Bloomberg reported, citing people familiar with the matter.
Founded in 2020, Polymarket allows users to trade yes/no outcomes on politics, sports, markets, and cultural events. The platform has seen rapid valuation growth, jumping from $1 billion in June to around $9 billion earlier this month following a $2 billion investment commitment from NYSE parent Intercontinental Exchange. Polymarket’s CEO Shayne Coplan has become one of the youngest self-made billionaires. The move comes amid rising investor interest and mainstream adoption in prediction markets, with rival Kalshi also attracting significant funding at multi-billion-dollar valuations.
Polymarket recently expanded its services to support Bitcoin deposits and launched new equity and index markets, while re-entering the U.S. market after regulatory clearance. Analysts will be watching the funding round closely for its potential impact on market momentum.
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