Polymarket eyes $400 million raise to $15 billion amid rising market demand expectations: report

Polymarket’s latest financing talks could take its valuation to $15 billion.

Predictive markets platform Polymarket is in discussions with investors to raise $400 million in new funding, which could put its valuation at around $15 billion, according to a report by The Information. The move comes shortly after competitor Kalshi completed a $1 billion financing round, valuing the company at about $22 billion.

The new financing round is expected to bring the total capital raised to approximately $1 billion if additional strategic investors are included.

Polymarket expansion

Polymarket recently Announce A US$600 million investment from InterContinental Exchange, the parent company of the New York Stock Exchange (NYSE), as part of its plan to allocate up to US$2 billion to expand into event-based trading.

Fundraising efforts Come There is a growing interest in prediction markets, which allow users to trade based on the outcomes of real-world events. The sector has witnessed a boom in trading volumes and user engagement, attracting the attention of institutional investors aiming to capitalize on the expanding market.

According to estimates from brokerage firm Bernstein, trading volumes from prediction markets are expected to reach $1 trillion annually by 2030. Major platforms such as Calci and PolyMarket have recorded trading volumes of about $60 billion so far this year, surpassing the $51 billion recorded in all of 2025.

Bernstein Projects Total volumes will rise to $240 billion in 2026, representing a 370% year-on-year increase, and the market is expected to grow at a CAGR of about 80% until the end of the decade. The growth was driven by increased participation and expansion of contract categories, including sports, crypto assets and macroeconomic events.

Weekly volumes on Kalshi also reached over $3 billion compared to around $100 million in the previous year.

You may also like:

Insider trading concerns

Despite the rapid growth in prediction market activity, concerns about misuse and censorship continue to surface. Earlier this month, Lookonchain It has been identified A group of newly created portfolios earned around $663k on Polymarket by correctly betting on the US-Iran ceasefire shortly before it happened. The accounts had no prior activity and trades were placed at low implied odds, raising questions about insider knowledge.

Meanwhile, the Israeli authorities Charged An IDF reservist and a civilian were charged for allegedly using classified military information to bet on Polymarket, following an investigation involving multiple security agencies. Prosecutors said such actions pose risks to national security.

In addition, regulatory pressures have intensified around the world. For example, in March, a court was held in Buenos Aires commander A nationwide ban on Polymarket, citing its operation as an unlicensed betting platform and apparent gaps in identity checks and payment controls, including the use of cryptocurrencies and credit cards without standard compliance measures.