Polymarket is in talks to raise $400 million in new funding at a $15 billion valuation, according to a report by The Information published Sunday. The report cited two people familiar with the matter.
LATEST: POLYMARKET EYES MEGA FUNDRAISE ROUND AS VALUATION HITS $15BILLION
Polymarket is reportedly in talks to raise $400M at a $15B valuation, adding to $600M already committed by Intercontinental Exchange as it doubles down on event-based trading. pic.twitter.com/8YWjG2pAiz
— Coin Bureau (@coinbureau) April 20, 2026
The raise would build on existing investment from Intercontinental Exchange, the parent company of the New York Stock Exchange. ICE committed $600 million to Polymarket in late March, giving the platform a $9 billion post-money valuation at the time.
Polymarket is also looking to bring in additional strategic investors beyond ICE. That could push the total funding round to $1 billion, according to The Information.
This latest round follows reports from October 2025 that Polymarket was in early talks to raise funds at a valuation between $12 billion and $15 billion.
Prediction markets have grown rapidly since the 2024 US election. Platforms like Polymarket and Kalshi now consistently record over $10 billion in monthly trading volume across sports, politics, finance, and cultural events.
Rival platform Kalshi raised over $1 billion in March at a $22 billion valuation, roughly doubling its value since November. Kalshi recorded about $13 billion in monthly trading volume in March, compared to Polymarket’s $10.57 billion.
Major financial players are also moving into the space. Cboe Global Markets is launching a prediction market product. Nasdaq’s options exchange filed to offer binary-style contracts on the Nasdaq-100. CME Group partnered with FanDuel to let traders bet on non-financial markets.
Charles Schwab and Citadel Securities said last week they are also considering entering prediction markets.
Despite the growth, both platforms are under pressure from regulators and lawmakers.
In March, US senators Adam Schiff and John Curtis introduced the “Prediction Markets Are Gambling Act.” The bill would ban prediction contracts tied to sports or casino-style games from being listed on registered platforms.
Kalshi is also in a legal battle with the Nevada Gaming Control Board. A lower court temporarily blocked Kalshi from operating in the state. The regulator argues that Kalshi’s contracts amount to unlicensed gambling.
Coinbase’s chief legal officer has predicted the case could reach the US Supreme Court, which could set a legal precedent for how prediction markets are regulated across the country.
In response to the regulatory pressure, Kalshi introduced new screening tools. Polymarket expanded its restrictions on market abuse.
Polymarket has not publicly commented on the reported funding talks as of the time of publication.
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