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10x Growth in 4 Months! Leading Market Prediction Platform Polymarket Seeks Funding at $15 Billion Valuation

10x Growth in 4 Months! Leading Market Prediction Platform Polymarket Seeks Funding at $15 Billion Valuation

ForesightNewsForesightNews2025/10/23 05:33
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By:ForesightNews

In June of this year, Polymarket completed a funding round at a valuation of $1 billion. Just four months later, its valuation target has soared to a range of $12 billion to $15 billion.

In June this year, Polymarket completed a round of financing at a valuation of 1 billion USD. Just four months later, its valuation target has soared to the range of 12 to 15 billion USD.


Written by: Dong Jing

Source: Wallstreetcn


The blockchain prediction market is experiencing explosive growth in valuations.


On October 23, according to media reports citing sources familiar with the matter, prediction market platform Polymarket is in early-stage fundraising talks with investors, seeking to raise funds at a valuation of 12 to 15 billion USD, a figure that has surged more than tenfold compared to its valuation just four months ago.


Earlier this month, Intercontinental Exchange Inc. (ICE), the parent company of the New York Stock Exchange, announced that it would invest up to 2 billion USD in Polymarket at a valuation of about 8 billion USD (excluding the amount raised).


Meanwhile, Polymarket’s main competitor Kalshi is currently accepting investment offers from investors at a valuation exceeding 10 billion USD, more than double the valuation announced just a few weeks ago.


Analysts point out that the soaring valuations highlight surging investor interest in this rapidly growing emerging industry as gambling and financial markets converge. However, significant regulatory uncertainty remains.


Valuation Soars More Than Tenfold in Four Months


Polymarket’s valuation trajectory is nothing short of astonishing.


As previously mentioned by Wallstreetcn, in June this year, the company had just completed a financing round led by Founders Fund, raising over 200 million USD, with a post-money valuation of 1 billion USD. Just four months later, its valuation target has soared to the 12 to 15 billion USD range.


The ICE deal reached earlier this month was a key milestone in this valuation leap. At a valuation of about 8 billion USD (excluding newly raised funds), ICE will invest up to 2 billion USD in Polymarket.


This deal not only brings Polymarket funding and endorsement from traditional financial markets, but also propels its founder Coplan into the ranks of billionaires.


According to media reports citing insiders, the company is currently in early talks with multiple investors. This five-year-old startup currently has no revenue, but plans to generate income in the future by charging transaction fees.


The valuation boom in the prediction market industry is not unique to Polymarket. Its main competitor Kalshi is currently accepting investment offers from investors at a valuation exceeding 10 billion USD, more than double the valuation announced by the company just a few weeks ago.


In June this year, Kalshi raised 185 million USD in a round led by crypto venture capital firm Paradigm, reaching a valuation of 2 billion USD. In just a few months, its valuation is expected to surpass 10 billion USD, reflecting investors’ strong confidence in the prediction market sector.


It is worth noting that as valuations have soared, both Polymarket and Kalshi have recently seen a surge in trading volumes.


As of the week ending October 19, the trading volume on both platforms hit a new high of over 2 billion USD, surpassing the peak reached during last year’s U.S. presidential election.


Wall Street and Sports Betting Giants Enter the Market


These soaring valuations highlight the strong market interest in this rapidly growing emerging industry, especially as gambling and financial markets become increasingly intertwined.


Wall Street financial institutions and betting companies have noticed this trend and are partnering with leading prediction market companies, expecting these new firms to potentially reshape their respective industries.


On Wednesday, Coplan stated that Polymarket will act as the clearinghouse for DraftKings Inc. as it enters the prediction market business. As mentioned in Wallstreetcn’s article, U.S. sports betting giant DraftKings has officially entered the prediction market sector by acquiring a federally regulated trading platform.


In addition, the National Hockey League (NHL) announced a multi-year partnership agreement with Kalshi and Polymarket, becoming the first major U.S. sports league to collaborate with these platforms.


The sports sector has also become an important growth engine for prediction markets. The NHL’s participation shows that mainstream sports organizations are beginning to embrace this emerging form of trading.


Previously, in August, Kalshi announced a partnership with trading app Robinhood to offer prediction contracts for NFL and college football games on the app.


According to publicly available data compiled by Dune Analytics users, Kalshi’s trading volume in August reached 875 million USD. Polymarket’s monthly trading volume in August had already reached 1 billion USD.


As written in Wallstreetcn’s article, market analyst Tarek Mansour previously pointed out that since the start of the NFL season, Kalshi has processed 441 million USD in trading volume.


Regulatory Uncertainty Remains


Despite soaring valuations, prediction markets still face significant regulatory uncertainty.


According to reports, although the U.S. Commodity Futures Trading Commission (CFTC) has allowed Kalshi to open new markets, state gambling regulators, who traditionally oversee sports betting, have raised objections in court.

Polymarket’s regulatory path has been even more complicated. Three years ago, the company settled with the CFTC after being accused of operating an unregistered derivatives exchange and was banned from offering services to U.S. users.


In July this year, the company acquired Florida-based derivatives exchange QCX.


In September, QCX received a no-action letter from the CFTC, exempting it from certain federal reporting and record-keeping requirements for event contracts, clearing a major obstacle for Polymarket’s return to the U.S. market.


In addition, there are still some unresolved legal questions regarding issues such as market manipulation and insider trading.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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