Polymarket is in early talks for a brand new funding spherical that would worth the corporate above $20 billion. The talks would prolong a valuation climb that began in October 2025.
Finance Magnates reported on the time that Intercontinental Change agreed to take a position as much as $2 billion within the platform at an $8 billion valuation with additional spherical being mentioned, in a variety of $12 billion to $15 billion.
The brand new spherical is at an early stage and will usher in about $1 billion, in response to Bloomberg, citing individuals accustomed to the matter. Polymarket declined to remark.
April 2026: The Unreported Spherical Had Closed
Finance Magnates reported in April 2026 that Polymarket was searching for so as to add $400 million to a spherical already anchored by ICE’s $600 million dedication, concentrating on a complete of $1 billion and a $15 billion valuation.
That spherical has now closed.
Bloomberg studies it introduced in D.E. Shaw and G Squared as new buyers, with current backers SV Angel, Dragonfly and Valor Fairness Companions additionally including capital. The whole got here to about $1 billion, confirming the figures reported in April.
D.E. Shaw that manages greater than $100 billion is among the many earliest corporations to construct a enterprise on algorithmic buying and selling, making its stake one of many clearest alerts of quant-fund curiosity in prediction markets as an asset class.
August 2026: The New Spherical Now on the Desk
The brand new talks should not occurring in a vacuum. Polymarket’s annualised income has greater than tripled for the reason that April shut, passing $1.2 billion, and the corporate has used the interval to construct out a group with Wall Road and Silicon Valley pedigree.
Travis VanderZanden, who led worldwide development at Uber after working operations at Lyft, joined as chief development officer. Hayk Mkrtchyan, an engineer who helped construct the New York Inventory Change’s Pillar buying and selling platform, is now working growth of Polymarket’s US trade.
The corporate additionally opened its US platform throughout this era, giving home customers direct entry for the primary time.
Nonetheless, the valuation climb just isn’t matched by regulatory certainty. Polymarket stays beneath investigation by the CFTC over its social media advertising and marketing practices, following studies that the corporate pushed promotional content material later flagged as deceptive.
The corporate has stated it launched an inner audit of its promotional materials in response.
On the identical time, the agency’s push into the US market depends upon the result of ongoing court docket fights between the CFTC and a number of other states over whether or not prediction markets fall beneath federal derivatives legislation or state playing legislation.
Polymarket is in early talks for a brand new funding spherical that would worth the corporate above $20 billion. The talks would prolong a valuation climb that began in October 2025.
Finance Magnates reported on the time that Intercontinental Change agreed to take a position as much as $2 billion within the platform at an $8 billion valuation with additional spherical being mentioned, in a variety of $12 billion to $15 billion.
The brand new spherical is at an early stage and will usher in about $1 billion, in response to Bloomberg, citing individuals accustomed to the matter. Polymarket declined to remark.
April 2026: The Unreported Spherical Had Closed
Finance Magnates reported in April 2026 that Polymarket was searching for so as to add $400 million to a spherical already anchored by ICE’s $600 million dedication, concentrating on a complete of $1 billion and a $15 billion valuation.
That spherical has now closed.
Bloomberg studies it introduced in D.E. Shaw and G Squared as new buyers, with current backers SV Angel, Dragonfly and Valor Fairness Companions additionally including capital. The whole got here to about $1 billion, confirming the figures reported in April.
D.E. Shaw that manages greater than $100 billion is among the many earliest corporations to construct a enterprise on algorithmic buying and selling, making its stake one of many clearest alerts of quant-fund curiosity in prediction markets as an asset class.
August 2026: The New Spherical Now on the Desk
The brand new talks should not occurring in a vacuum. Polymarket’s annualised income has greater than tripled for the reason that April shut, passing $1.2 billion, and the corporate has used the interval to construct out a group with Wall Road and Silicon Valley pedigree.
Travis VanderZanden, who led worldwide development at Uber after working operations at Lyft, joined as chief development officer. Hayk Mkrtchyan, an engineer who helped construct the New York Inventory Change’s Pillar buying and selling platform, is now working growth of Polymarket’s US trade.
The corporate additionally opened its US platform throughout this era, giving home customers direct entry for the primary time.
Nonetheless, the valuation climb just isn’t matched by regulatory certainty. Polymarket stays beneath investigation by the CFTC over its social media advertising and marketing practices, following studies that the corporate pushed promotional content material later flagged as deceptive.
The corporate has stated it launched an inner audit of its promotional materials in response.
On the identical time, the agency’s push into the US market depends upon the result of ongoing court docket fights between the CFTC and a number of other states over whether or not prediction markets fall beneath federal derivatives legislation or state playing legislation.
