Polymarket in talks to raise money at about $15 billion valuation: The Information
Polymarket is in talks to raise $400 million in funding at a $15 billion valuation. The investment round is in addition to a $600 million investment from Intercontinental Exchange announced last month.
Polymarket, a prediction markets platform, is discussing a $400 million funding round with investors at a valuation of around $15 billion. This potential investment follows a $600 million investment from Intercontinental Exchange, the parent company of the New York Stock Exchange, announced last month. The new funding round could total $1 billion and include additional strategic investors beyond Intercontinental Exchange. Polymarket's growth is driven by the increasing popularity of event-based trading, a rapidly expanding segment. The platform's user activity and volumes have surged as prediction markets shift from a niche area of crypto and academic finance to a mainstream segment.
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