Polymarket Seeks $4 Billion in Funding Round, Valuing Platform at Approximately $150 Billion

Deep News04-20

According to two informed sources, prediction market platform Polymarket is in discussions with investors for a new funding round, aiming to raise $4 billion. Upon completion, the platform's overall valuation is expected to reach approximately $150 billion.

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, invested $6 billion in this round last month. At that time, the exchange only announced the investment without disclosing the valuation. Another source indicated that Polymarket plans to bring in additional strategic investors beyond Intercontinental Exchange, with the total size of this funding round potentially reaching $10 billion. The round has not yet closed, and related terms may still be adjusted.

This valuation level shows a significant gap compared to its competitor Kalshi. Last month, Kalshi finalized a $10 billion funding round led by Coatue Management, resulting in a post-investment valuation of $220 billion. Despite this, Polymarket's new valuation represents an increase of over 66% compared to its funding round in October of last year. At that time, Intercontinental Exchange invested $10 billion, valuing the platform at $90 billion post-investment.

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