Polymarket in talks to raise $400M at a $15B valuation: Report
Polymarket is in talks to raise $400 million at a $15 billion valuation, adding to the surge in institutional investment in prediction markets. The platform has seen significant growth, with over $10 billion in monthly trading volume, amid regulatory scrutiny.
Polymarket, a prediction market platform, is reportedly raising $400 million at a $15 billion valuation. The funding round, which could total $1 billion, is expected to include strategic investors beyond Intercontinental Exchange (ICE), which invested $600 million in March. Prediction markets have boomed, with over $10 billion in monthly trading volume, covering sports, elections, and financial results. Institutional interest is surging, with Nasdaq, Cboe, and CME launching related offerings. However, regulatory issues persist, with Kalshi facing a court battle over allegations of unlicensed gambling. Traditional finance firms Charles Schwab and Citadel Securities are also exploring prediction markets.
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