Polymarket in talks to raise $400M at $15B valuation: report

Predictive markets platform Polymarket is in talks to raise $400 million at a valuation of about $15 billion, according to Information.

per InformationPrediction Market is looking to add additional strategic investors outside of NYSE parent Intercontinental Exchange to the round, which could total up to $1 billion, Prediction Market reports.

The new funding round follows a $600 million investment in Polymarket by InterContinental Exchange last month, bringing its total investment in the prediction market company to $600 million. $1.6 billion. At that time, ICE announced that the company would purchase up to $40 million worth of Polymarket securities from existing holders, fulfilling its commitment to invest $2 billion in the company in a deal. October 2025 A deal values ​​the company at $9 billion.

ICE’s relationship with Polymarket has deepened over the past six months. As part of it October dealthe exchange operator becomes the exclusive global distributor of Polymarket’s event-based data to institutional capital markets. In February that Fired Polymarket Signals and Sentment, which integrates forecast market data into existing financial infrastructure offerings.

Institutional support represents a turning point for prediction markets, which have evolved from original cryptocurrency experiments to mainstream financial instruments, amid growing institutional interest. Earlier this year, Kalshi rivaled Polymarket Raised $1 billion To reach a valuation of $22 billion, while the likes of Charles Schwab and Nasdaq They make movements in space.

However, prediction markets face regulatory challenges, as state and federal authorities disagree on whether offering them constitutes gambling or even federally regulated contracts.

Last month, Nevada became the first state to do so Preventing Kalshi from operating within its borderswhile Arizona has File criminal charges against Calci for allegedly operating an illegal and unlicensed gambling business. Meanwhile, A Court of Appeal ruling This month found that the company’s sports-related markets should be subject to federal regulation, while the Department of Justice and the Commodity Futures Trading Commission (CFTC) File lawsuits jointly v. Illinois, Arizona, and Connecticut over who has the right to regulate prediction markets.

Earlier this month, CFTC Chairman Michael Selig said Raised concerns Pushing offshore prediction markets into an unregulated space could lead to FTX-style “implodes,” arguing that “we have to make sure that these exchanges come in and register here in the United States and that our rules are set up to facilitate fair markets, markets that have investor protection, customer protection, and have real guardrails and rules.”