Polymarket Eyes $400M Raise at $15B Valuation Amid Surging Prediction Market Demand: Report

Polymarket’s newest funding talks may push its valuation to $15 billion.

Prediction markets platform Polymarket is in discussions with buyers to lift $400 million in recent funding, which may place its valuation at round $15 billion, in accordance with a report by The Data. The transfer comes shortly after competitor Kalshi accomplished a $1 billion funding spherical that put the corporate at about $22 billion.

The brand new financing spherical is predicted to convey the entire capital raised to round $1 billion if further strategic buyers are included.

Polymarket Growth

Polymarket not too long ago announced a $600 million funding from Intercontinental Alternate, the guardian firm of the New York Inventory Alternate (NYSE), as a part of its plan to allocate as much as $2 billion towards increasing into event-based buying and selling.

The fundraising efforts come amid rising curiosity in prediction markets, which permit customers to commerce on the outcomes of real-world occasions. The sector has seen a surge in buying and selling volumes and consumer participation, and has attracted the eye of institutional buyers aiming to capitalize on the increasing market.

In keeping with estimates from brokerage agency Bernstein, volumes from prediction markets are anticipated to succeed in $1 trillion yearly by 2030. Main platforms akin to Kalshi and Polymarket registered buying and selling volumes of round $60 billion to this point this yr, surpassing the $51 billion recorded in all of 2025.

Bernstein projects whole volumes will climb to $240 billion in 2026, which will probably be a 370% improve year-on-year, and expects the market to develop at a compound annual fee of about 80% by means of the top of the last decade. Progress has been pushed by rising participation and increasing contract classes, together with sports activities, crypto belongings, and macroeconomic occasions.

Weekly volumes on Kalshi have additionally reached over $3 billion in comparison with roughly $100 million a yr earlier.

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Insider Buying and selling Issues

Regardless of speedy progress in prediction market exercise, issues round misuse and oversight proceed to floor. Earlier this month, Lookonchain identified a gaggle of newly created wallets that earned about $663,000 on Polymarket by appropriately betting on a US-Iran ceasefire shortly earlier than it occurred. The accounts had no prior exercise and positioned trades at low implied chances, which raised questions of insider information.

In the meantime, Israeli authorities charged an IDF reservist and a civilian for allegedly utilizing categorised navy data to put bets on Polymarket, following an investigation involving a number of safety businesses. Prosecutors mentioned such actions posed dangers to nationwide safety.

Moreover, regulatory strain has intensified throughout the globe. For example, in March, a court docket in Buenos Aires ordered a nationwide block on Polymarket, citing its operation as an unlicensed betting platform and flagging gaps in id checks and fee controls, together with using cryptocurrencies and bank cards with out customary compliance measures.