Polymarket snaps up Brahma as prediction market competition heats up

Prediction markets platform Polymarket announced the acquisition of Brahma, a financial infrastructure company known for building real-time execution and settlement systems for high-volume digital asset and fintech transactions. Polymarket CEO Shayne Coplan stated that the acquisition brings in a team that has proven capable of operating and scaling complex products, which is crucial as Polymarket expands its infrastructure across blockchain networks and traditional financial rails. Brahma's team and technology will now focus on expanding Polymarket's product suite. Brahma, which has processed over $1 billion in transaction volume, confirmed its mission continues by helping scale Polymarket. However, all of Brahma's existing products, including Brahma Accounts, Agents, and Swype.fun, will be phased out within 30 days, requiring users to migrate their funds and positions.

(Source：CoinDesk)