Polymarket Seeks Investment at Valuation of $12B-$15B: Bloomberg

That level would people a much than 10-fold summation since June, erstwhile Polymarket raised $200 cardinal astatine a $1 cardinal valuation.

Oct 23, 2025, 9:51 a.m.

Prediction marketplace Polymarket is successful aboriginal talks with investors for a caller concern astatine a valuation of betwixt $12 cardinal and $15 billion, Bloomberg reported connected Thursday, citing radical acquainted with the matter.

That level would people a much than 10-fold summation from its $1 cardinal valuation successful June, erstwhile it raised $200 cardinal successful a circular led by Peter Thiel's Founders Fund.

Polymarket changeable to prominence during the U.S predetermination run successful 2024 erstwhile much than $8 cardinal successful bets were made connected the platform. Research by Dune earlier this twelvemonth suggested Polymarket predicted real-world events with implicit 90% accuracy.

Along with its rival Kalshi, Polymarket this week signed multiyear licensing deals with the National Hockey League (NHL), which became the archetypal nonrecreational sports league to licence the usage of its trademarks by markets extracurricular the sportsbook industry.

Kalshi raised $300 cardinal astatine a $5 cardinal valuation earlier this month. It is present successful talks for further concern that would worth it aft implicit $10 billion, according to the Bloomberg report.

Neither steadfast instantly responded to CoinDesk's petition for comment.

Bunni DEX Shuts Down, Cites Recovery Costs After $8.4M Exploit

The squad cannot spend the outgo of relaunching the protocol, which would necessitate important concern successful audits and development.