Prediction market leader Polymarket is in talks to raise $400mn at a $15bn valuation, up from $9bn last year, Bloomberg reported.
Polymarket Eyes $400mn Raise at $15bn Valuation: Bloomberg
21 April 2026 - 09:30 UTC
The fundraising follows Intercontinental Exchange (ICE), operator of the New York Stock Exchange, completing a $600mn investment last month. Combined with its earlier commitment, ICE has now backed Polymarket with a total of $1.6bn.
Prediction markets allow users to trade binary contracts on real-world events such as elections, economic data and sports. The sector has grown quickly since the CFTC brought many event contracts under its oversight last year.
Polymarket generated more than $3bn in trading volume tied to the 2024 US presidential election. It currently faces US user restrictions on its main platform while preparing a regulated relaunch. By comparison, CME Group and Gemini’s affiliate Gemini Titan already offer fully regulated binary event contracts to US customers.
Kalshi recently raised $1bn at a $22bn valuation. Fresh capital could help Polymarket speed up its regulated US expansion and strengthen liquidity as competition mounts, Bloomberg said.
Polymarket did not respond to Sandmark's request for comment.
