Polymarket in talks for $400M at $15B valuation
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- Polymarket is in talks to raise $400 million at a $15 billion valuation, potentially expanding the round to $1 billion with strategic investors beyond ICE.
- ICE already invested $600 million, bringing its total stake to $1.6 billion, and will purchase up to $40 million of Polymarket securities under its $2 billion commitment.
- Kalshi doubled its valuation to $22 billion after a $1 billion raise, highlighting a broader institutional push into prediction markets despite regulatory pushback from Nevada, Arizona, Illinois, and Connecticut.
Why it matters: ICE and other investors lock in $400 M, boosting Polymarket’s data pipeline for institutional traders; regulators face heightened scrutiny, and the $15 B valuation pushes prediction markets into mainstream finance, reshaping market data services.
