Isabella García
Polymarket, the crypto-native prediction platform, is reportedly in early-stage discussions with investors to raise a new round of funding that could value the company between $12 billion and $15 billion, according to Bloomberg sources.
Founded in 2020, Polymarket allows users to trade yes/no outcomes on real-world events spanning politics, sports, finance, and culture. The platform has become one of the leaders in the rapidly growing decentralized predictions market.
Competition in the prediction market space has intensified in recent months, with both Polymarket and Kalshi attracting strong investor demand. The surge in valuations reflects the sector’s increasing mainstream appeal, as more retail and institutional participants explore event-based trading.
Polymarket’s valuation has skyrocketed from $1.2 billion in June—following a $150 million round led by Peter Thiel’s Founders Fund—to a staggering $9 billion earlier this month after Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, agreed to invest up to $2 billion.
The deal catapulted Polymarket CEO Shayne Coplan into the spotlight as one of the youngest self-made billionaires in the crypto industry.
Meanwhile, rival platform Kalshi is also seeing explosive growth. Bloomberg reported that the U.S.-regulated exchange is fielding new investment offers valuing it between $10 billion and $12 billion, just weeks after raising $300 million at a $5 billion valuation.
Betting on the Momentum
Last month, Polymarket achieved an all-time high in market creation, showcasing the platform’s rapid adoption and community engagement. To sustain that growth, the Polygon-based platform recently introduced Bitcoin deposit support in addition to existing networks like Ethereum, Base, Arbitrum, and Solana.
It also launched new up/down markets for equities and indexes, enabling users to speculate on whether a stock or benchmark will close higher or lower by a specific deadline.
Reentry into the U.S. and New Partnerships
A major growth catalyst is on the horizon: Polymarket is preparing for a return to the U.S. market. CEO Shayne Coplan confirmed last month that the exchange has been “given the green light to go live” again after halting operations in 2022 due to regulatory uncertainty.
Additionally, a POLY token may soon be introduced, which could serve as a governance or utility token within the ecosystem.
Expanding Industry Influence
Polymarket also announced it will act as the clearinghouse for DraftKings if the sports betting giant proceeds with plans to launch its own predictions market following its acquisition of Railbird.
According to The Wall Street Journal, both Polymarket and Kalshi have also secured multi-year licensing agreements with the National Hockey League (NHL)—a move that further cements their position in the growing intersection of crypto, sports, and prediction trading.
