Prediction Market Polymarket eyes a $400 million funding spherical at a $15 billion valuation, The Info reported Sunday, citing two folks aware of the matter.
The capital push follows a $600 million funding from Intercontinental Alternate, mum or dad of the New York Inventory Alternate, introduced simply final month.
The brand new spherical would almost double Polymarket’s $9 billion post-money valuation from October, whereas the platform concurrently courts extra strategic traders past ICE.
Whole funding throughout the spherical may in the end attain $1 billion, with recent backers anticipated to signal on earlier than ultimate shut, per the report.
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Polymarket Valuation Surges as Kalshi Rivalry Tightens on Wall Avenue
Earlier October stories pegged early-stage investor discussions at valuations between $12 billion and $15 billion, with the present spherical touchdown firmly on the ceiling of that vary.
The repricing arrives solely six months after ICE agreed to speculate as much as $2 billion throughout the platform’s cap desk.
Investor urge for food for event-based buying and selling has pushed prediction markets quickly out of their crypto and educational area of interest right into a fast-growing mainstream finance section.
Volumes and consumer exercise throughout the sector have surged over latest months as Wall Avenue names chase recent publicity to binary outcomes.
Rival Kalshi reportedly raised over $1 billion again in March at a $22 billion valuation, roughly doubling its value since November.
Kalshi additionally leads month-to-month buying and selling quantity at $12.8 billion in opposition to Polymarket’s $9.5 billion over the previous 30 days, in keeping with Token Terminal information.
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Regulatory Stress Mounts Whereas Polymarket USD Launch Nears
Past the funding frenzy, the decentralized prediction business continues dealing with heavy regulatory scrutiny throughout a number of jurisdictions worldwide.
Each Kalshi and Polymarket rolled out insider buying and selling safeguards final month as U.S. lawmakers pushed for tighter sector guidelines, whereas Argentina banned Polymarket nationwide in March over alleged unlawful playing practices.
A Kalshi lawsuit filed in Oregon in February 2026 additionally manufacturers the agency an “unlawful on-line playing enterprise” for working with out state authorization.
A separate authorized motion targets the agency over a paused $54 million Khamenei market, with merchants alleging the platform withheld payouts through the Iran warfare.
Regardless of the mounting scrutiny, Polymarket lately shut down its prediction market on nuclear weapon detonation odds whereas pushing ahead a broader product overhaul aimed toward easing regulatory bottlenecks.
On April 6, Coingape reported that the platform unveiled Polymarket USD, a Circle USDC-backed settlement token powering each contract, with the rollout anticipated this week.
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