Skip to main content

We've updated our Privacy Policy. Questions? Email us any time at privacy@ground.news

Published loading...Updated

Polymarket Seeks over $20 Billion Valuation in Funding Round, Bloomberg News Reports

Polymarket’s talks follow annualized revenue above $1 billion and an April round that valued the prediction-market platform at $15 billion.

  • On Tuesday, Polymarket is in early discussions to raise about $1 billion at a valuation exceeding $20 billion, according to reports confirmed to CNBC.
  • The company previously closed an April funding round at $15 billion valuation, which included a $600 million investment from New York Stock Exchange parent Intercontinental Exchange Inc.
  • Since the April close, annualized revenue has climbed to more than $1.2 billion, while daily U.S. exchange volume exceeds $100 million and the international platform handles above $150 million daily.
  • Chief rival Kalshi is reportedly seeking capital at a $40 billion valuation, nearly double its previous $22 billion round, intensifying competition in the prediction market space.
  • Polymarket founder and CEO Shayne Coplan envisions the platform as an 'almanac for the future,' arguing prediction markets let people 'put your money where your mouth is' on future outcomes.
Insights by Ground AI
Podcasts & Opinions

23 Articles

ReutersReuters
Reposted by
WTVBWTVB
Center

Polymarket seeks over $20 billion valuation in funding round, Bloomberg ...

·London, United Kingdom
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 72% of the sources are Center
72% Center

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

WTVB broke the news on Tuesday, August 4, 2026.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal