Prediction market platform Polymarket is reportedly in talks with investors for a new financing round that could value the company between $12 billion and $15 billion, according to Bloomberg sources familiar with the matter. This represents a more than tenfold increase compared to its valuation just four months ago.
In July 2025, Polymarket’s capitalization stood at approximately $1 billion following a $200 million investment from Founders Fund. Earlier in October, Intercontinental Exchange (ICE) announced plans to invest up to $2 billion, implying a valuation of $8–10 billion for the startup.
Polymarket operates as a decentralized prediction market, allowing users to place bets on the outcome of future events, from elections to financial markets. The platform has been gaining attention for its innovative approach to forecasting, attracting both institutional and retail interest.
The company faces competition from Kalshi, another prediction market platform, which is also reportedly exploring investment offers. Kalshi’s current valuation is said to exceed $10 billion, roughly double its recent funding round.
Polymarket co-founder Shane Coplan has previously hinted at the potential launch of a native token, POLY, signaling further expansion into the crypto space. Both Polymarket and Kalshi have also become official partners of the NHL, marking their growing presence in mainstream markets.
