Polymarket eyes fresh funding at up to $15 billion valuation amid surging prediction market interest: Bloomberg

Polymarket, a crypto-native prediction venue founded in 2020, is reportedly in early-stage talks to raise new funding at a valuation between $12 billion and $15 billion, according to Bloomberg. This move comes as the prediction market sector heats up, with rival Kalshi also fielding high-value investment offers. Polymarket's valuation has rapidly increased, jumping from $1.2 billion in June to $9 billion recently following a potential $2 billion investment commitment from Intercontinental Exchange (ICE), the NYSE parent firm. To maintain momentum, Polymarket has expanded funding options by rolling out Bitcoin deposits and launching equity and index betting markets. Furthermore, the platform is preparing to re-enter the U.S. market after halting operations in 2022, and a potential POLY token is being teased. Polymarket also secured a role as the designated clearinghouse for DraftKings' potential predictions market and has reportedly reached licensing agreements with the National Hockey League.

(Source：The Block)