Overview
- Polymarket completed an all-stock acquisition of DeFi builder Brahma and folded its team and smart-account tech into its prediction market platform.
- Brahma will wind down products such as its Console smart account and strategy vaults over roughly 30 days, and existing clients keep full access to funds.
- The acquired stack will automate wallet setup, deposits, share conversions, and redemptions, which is meant to speed trades and reduce user friction.
- Financial terms were not disclosed, and reports put Polymarket’s valuation near $20 billion as it competes with regulated rival Kalshi.
- The deal lands during a surge in onchain prediction activity and as Polymarket pursues a phased U.S. rollout with reported CFTC self-certification.