Polymarket in Talks to Raise $400 Million at $15 Billion Valuation: Report

Key Takeaways:

• Polymarket is reportedly successful precocious talks to rise $400 cardinal astatine a $15 cardinal valuation, per The Information.
• ICE has already invested implicit $1.6 cardinal successful Polymarket since October 2025, gathering connected an $8 cardinal pre-money deal.
• Polymarket deed a grounds $10.57 cardinal successful monthly trading volume successful March 2026, with enlargement superior next.

Polymarket Seeks $400M Funding Round, According to The Information Sources

The Information report cited radical acquainted with the substance and noted that the circular has not been finalized, meaning presumption could inactive change. Polymarket is besides seeking further strategical investors beyond its existing backers, and if the circular expands, full caller superior could scope $1 billion.

The talks physique connected a large concern from Intercontinental Exchange, the genitor institution of the New York Stock Exchange (NYSE). In October 2025, ICE announced plans to put up to $2 cardinal successful Polymarket astatine an astir $8 cardinal pre-money valuation. The statement included an equity stake and a program for ICE to administer Polymarket’s event-driven information arsenic market sentiment indicators.

ICE completed a $600 cardinal nonstop currency concern successful Polymarket connected March 27, 2026, pursuing an earlier $1 cardinal nonstop concern successful October 2025. ICE besides planned to acquisition up to $40 cardinal successful securities from existing holders, bringing its full committedness to much than $1.6 billion.

The caller $400 cardinal raise, according to the report, is being sought astatine a valuation astir 67% supra the post-money fig implied by the October 2025 ICE deal, reflecting maturation successful trading enactment and level scope implicit the past respective months.

Polymarket operates arsenic the world’s largest decentralized prediction market, letting users commercialized connected the outcomes of elections, sports events, geopolitical developments, and crypto prices utilizing cryptocurrency. The level runs onchain, giving participants entree to real-time likelihood and transparent settlement.

The prediction marketplace level recorded its archetypal $10 billion-plus monthly trading volume successful March 2026, reaching astir $10.57 billion, with regular peaks adjacent $478 million. In February 2026, monthly volume exceeded $7 billion, with a single-day precocious of $425 million. Trading enactment into April 2026 has remained elevated crossed thousands of progressive markets.

Polymarket, which operates done the registered entity Blockratize, Inc., has raised implicit $2.3 cardinal successful cumulative superior crossed aggregate rounds dating backmost to a astir $4 cardinal effect successful 2020. A $55 cardinal circular successful 2024 valued the institution astatine astir $350 million. A $150 cardinal circular successful aboriginal 2025, led by Founders Fund, valued it astatine $1.2 billion.

Competitor Kalshi precocious reached a valuation of astir $22 cardinal successful its ain funding round, reflecting wide capitalist involvement successful the prediction market sector. Kalshi operates arsenic a regulated speech successful the United States, portion Polymarket holds a planetary idiosyncratic basal and leads successful onchain trading volume.

Prediction markets expanded sharply successful 2025 and into 2026, driven by mainstream attraction pursuing the 2024 U.S. elections, increasing organization participation, and clearer regulatory signals successful definite jurisdictions. ICE’s engagement has fixed Polymarket added credibility with accepted concern firms and imaginable pathways done the regulatory process.

If the existent circular closes astatine The Information’s reported terms, it would correspond different important measurement successful the platform’s maturation trajectory. The superior is expected to money merchandise development, enlargement efforts, and competitory positioning successful a assemblage wherever projections constituent toward hundreds of billions successful yearly volume industry-wide.