Polymarket Seeks Investment at Valuation of $12B-$15B: Bloomberg

Prediction market Polymarket is in early discussions with investors for a new funding round that would value the company between $12 billion and $15 billion, according to a Bloomberg report citing sources familiar with the matter. This potential valuation represents a significant increase—more than tenfold—from its June valuation of $1 billion, when it raised $200 million led by Peter Thiel's Founders Fund. Polymarket gained prominence during the 2024 U.S. election campaign, where over $8 billion in bets were placed on the platform, and research suggests it predicted real-world events with over 90% accuracy. Furthermore, Polymarket, along with rival Kalshi, recently signed multiyear licensing deals with the National Hockey League (NHL), allowing trademark use by markets outside traditional sportsbooks. Kalshi is also reportedly seeking further investment that would value it over $10 billion.

(Source：CoinDesk)