Polymarket Seeks $400M in New Funding at $15 Billion Valuation

Gate News message, April 20 — Polymarket is seeking an additional $400 million in funding after securing $600 million at a $15 billion valuation last month, according to sources familiar with the negotiations.

The prediction market platform's valuation has surged from $9 billion last year, when Intercontinental Exchange Inc., the parent company of the New York Stock Exchange, invested $1 billion in the startup. This latest funding round would further increase Polymarket's value.

However, Polymarket's $15 billion valuation remains below that of its main competitor, Kalshi Inc., which recently raised $1 billion at a $22 billion valuation.