Polymarket Targets $15B Valuation in New Fundraising Round Amid Surging Prediction Market Interest
Polymarket is in early discussions to raise capital at a staggering $12–$15 billion valuation, a tenfold increase since its $1 billion valuation in June. The prediction market platform's rapid growth aligns with surging institutional and retail interest in event-based trading.
Intercontinental Exchange's recent $2 billion investment at an $8 billion pre-money valuation underscores institutional confidence. CEO Shayne Coplan became the youngest self-made billionaire through the deal, which also strengthens Polymarket's ties to traditional finance.
Weekly trading volume exceeded $2 billion in late October, setting new records. The platform's performance reflects broader demand for prediction markets as sentiment indicators, particularly around elections and other high-stakes events.
