Polymarket Targets $15 Billion Valuation With Fresh $400 Million Funding Round
Polymarket is in active discussions to raise $400 million in fresh funding at a valuation of roughly $15 billion, according to which two people familiar with the talks cited. The Polymarket $15 billion valuation figure is post-money, meaning it includes the new capital being sought.
The new funding talks come after a $600 million investment from Intercontinental Exchange, the parent company of the New York Stock Exchange, announced last month.
The Information reports that Polymarket is looking to add strategic investors beyond ICE in its next funding round, which could total as much as $1 billion. Polymarket did not respond to requests for comment.
The Polymarket $15 billion valuation would still leave it trailing its closest rival. Competitor Kalshi was recently valued at $22 billion, a notable gap that reflects the two platforms’ different regulatory structures and market share. Kalshi operates under CFTC oversight, while Polymarket serves a global user base through blockchain infrastructure.
The broader prediction market industry is booming. Monthly trading volume across platforms has consistently exceeded $10 billion, spanning markets on sports, political elections, and financial results. That surge has pulled in heavyweights from across Wall Street. Nasdaq’s options exchange filed to offer cash-settled binary contracts, Cboe Global Markets launched a prediction market-style product, and CME Group partnered with FanDuel to expand into non-financial event betting. Charles Schwab and Citadel Securities have also said they are weighing entry into the space.
polymarket 400 million funding 15billion valuation
Polymarket’s own growth has been rapid. ICE invested up to $2 billion into Polymarket in October 2025 at an $8 billion valuation, and by February 2026 the company was already valued at $9 billion. Founded in 2020 by NYU graduate Shayne Coplan, the platform has since signed MLB as its exclusive Official Prediction Market Exchange Partner and acquired CFTC-licensed derivatives exchange QCEX for $112 million.
The sector continues to attract scrutiny alongside its growth. Several members of the Israeli Air Force have been interrogated or indicted for using classified military information to place bets on Polymarket.A number of countries have also moved to block the platform over unlicensed gambling concerns.
Even so, the discussions around the Polymarket $15 billion valuation signal that institutional confidence in prediction markets is not slowing down. For backers, the platform is no longer a crypto experiment, it is fast becoming a core piece of global financial infrastructure.
