Polymarket Seeks New Funding at Valuation Up to $15 Billion
Polymarket is in advanced discussions with investors for a new funding round that could value the prediction market platform between $12 billion and $15 billion. This represents a staggering 10x increase from its $1 billion valuation during its July funding, when Founders Fund invested $200 million.
The rapid valuation surge follows Intercontinental Exchange's (ICE) October expression of interest to invest up to $2 billion at an $8-$10 billion valuation. Market momentum appears strong, with competitor Kalshi also reportedly fielding investor offers at valuations exceeding $10 billion—double its recent funding round.
Both platforms recently secured NHL partnerships, while Polymarket's co-founder has hinted at an upcoming POLY token launch. The sector's explosive growth reflects institutional confidence in blockchain-based prediction markets.
