Blockchain Prediction Market Polymarket Eyes $15B Valuation With Big Names on Board

Polymarket, the blockchain-based prediction market platform, is reportedly in early-stage funding talks that could value the company at $12–$15 billion—a tenfold increase from its $1 billion valuation just four months ago. The surge follows a $200 million investment from Peter Thiel’s Founders Fund and a potential $2 billion commitment from Intercontinental Exchange (ICE), parent company of the NYSE, which already pushed its valuation to $8 billion earlier this year.

The platform, where users speculate on outcomes ranging from political events to sports, is gaining traction as a bridge between traditional finance and crypto innovation. ICE’s involvement grants Polymarket access to proprietary event data and paves the way for future tokenization initiatives. At 28, CEO Shayne Coplan has joined the billionaire ranks, steering partnerships with DraftKings, the NHL, and OpenAI’s World project. DraftKings plans to leverage Polymarket’s infrastructure for its prediction market expansion, while the NHL has secured multi-year agreements with both Polymarket and rival Kalshi.

Crypto Twitter is abuzz over the valuation leap, underscoring institutional confidence in blockchain’s disruptive potential. OpenAI’s World app is also integrating Polymarket, signaling cross-industry adoption.