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2mo ago

Polymarket in Talks to Raise $400 Million at $15 Billion Valuation

The reported raise underscores institutional buy-in following ICE's recent commitment.

Polymarket seeks $15b valuation as it raises capital ahead of u.s. regulatory outcome
A Polymarket ad in a New York City subway station poses the question, "What price will Bitcoin hit in 2026?"
Polymarket CEO Shayne Coplan at Polymarket's temporary free grocery store in Manhattan
Polymarket eyes $400 million funding round at $15 billion value

Overview

  • Polymarket is negotiating a $400 million round at about a $15 billion valuation, according to The Information's report Sunday, which the company has not confirmed.
  • Intercontinental Exchange, which invested $600 million in March under an agreement that could reach $2 billion, is anchoring the effort as Polymarket seeks strategic investors that could take the total near $1 billion.
  • Rival Kalshi raised about $1 billion in March at a $22 billion valuation, highlighting a fast‑moving race as monthly prediction‑market volumes topped $20 billion by January 2026, according to TRM Labs.
  • Regulatory risks are mounting in the U.S., with Nevada blocking Kalshi’s operations in the state, Arizona filing criminal charges over alleged unlicensed gambling, and a federal bill seeking to bar sports‑style contracts on registered platforms.
  • Fortune reports Polymarket is preparing a crypto token and airdrop, a move that could lift activity but may blur how much trading reflects organic demand versus incentive‑seeking behavior.