Polymarket in Talks to Raise $400M at $15B Valuation: Report

Prediction markets level Polymarket is successful talks to rise $400 cardinal astatine a valuation of astir $15 billion, according to The Information.

Per The Information’s reporting, the prediction marketplace steadfast is ​looking to ​add further ⁠strategic investors beyond New York Stock Exchange genitor institution Intercontinental Exchange to the round, which could full $1 billion.

The caller backing circular follows a $600 cardinal concern successful Polymarket by Intercontinental Exchange past month, bringing its full concern successful the prediction marketplace steadfast to $1.6 billion. At the time, ICE announced that the steadfast would acquisition up to $40 cardinal worthy of Polymarket securities from existing holders, fulfilling its committedness to put $2 cardinal successful the steadfast successful an October 2025 woody that valued the institution astatine $9 billion.

Polymarket Valued astatine $9 Billion After NYSE Owner Invests $2B successful Prediction Market

ICE's narration with Polymarket has deepened over the past six months. As portion of its October deal, the speech relation became the exclusive planetary distributor of Polymarket's event-driven information to organization superior markets. In February it launched the Polymarket Signals and Sentiment tool, integrating prediction marketplace information into its existing fiscal infrastructure offerings.

The organization backing marks a turning constituent for prediction markets, which person evolved from crypto-native experiments to mainstream fiscal instruments, amid increasing organization interest. Earlier this year, Polymarket's rival Kalshi raised $1 cardinal to scope a $22 cardinal valuation, portion the likes of Charles Schwab and Nasdaq are making moves successful the space.

Nevertheless, prediction markets look regulatory challenges, with states and national authorities astatine likelihood implicit whether their offering constitutes gambling oregon federally regulated adjacent contracts.

Last month, Nevada became the archetypal authorities to prohibition Kalshi from operating wrong its borders, portion Arizona has filed transgression charges against Kalshi for allegedly operating an amerciable unlicensed gambling business. Meanwhile, an appeals tribunal ruling this period recovered that the firm’s sports-related markets should beryllium federally regulated, portion the Justice Department and the CFTC person jointly filed lawsuits against Illinois, Arizona, and Connecticut implicit who has the close to modulate prediction markets.

Earlier this month, CFTC Chairman Michael Selig raised concerns that driving prediction markets offshore into unregulated abstraction could origin FTX-style “implosions,” arguing that, "We’ve got to marque definite these exchanges travel and registry present successful the United States and that our rules are acceptable up to facilitate just markets, markets that person capitalist protections, lawsuit protections, and person existent guardrails and rules."