Polymarket News Targets 20 Billion Dollar Valuation
Lakshya Divekar
Polymarket News: Polymarket Wants $1B, and a $20B Price Tag
Polymarket is back at the table with investors, and this time the number being floated is big.
According to a Bloomberg report, the latest Polymarket news suggests the platform is in early talks to raise around $1 billion at a valuation north of $20 billion.
Nothing's locked in yet. The talks are still preliminary, and the final terms could shift before anything is signed. Even so, the figures on the table mark a sharp jump from where things stood just a few months back, making this one of the biggest stories in crypto news today.
What Bloomberg's Report Actually Says
Polymarket is looking for capital at a valuation above $20 billion; this comes months after it closed an earlier round backed by hedge fund D.E. Shaw & Co.
The funding discussions were also highlighted by Wu Blockchain on X, citing Bloomberg's report. The push for new funding follows a stretch of fast growth for the crypto-based prediction market.
Here's what stands out from the report:
Amount being raised: roughly $1 billion
Valuation being discussed: $20 billion+
Stage of talks: early, nothing finalized
Prior valuation: $15 billion, set back in April 2026
Should the round go through, the company's value would more than double what it was worth in October 2025, when it sat at $9 billion. That kind of leap says a lot about how quickly money has moved into crypto prediction markets this year.
Back in April
Back in April, the company closed a round at a $15 billion valuation, bringing D.E. Shaw and venture firm G Squared on board as new backers. Part of that round included a $600 million direct check from Intercontinental Exchange, which owns the New York Stock Exchange.
Since then, things have moved fast:
Metric | Figure |
Annualized revenue | Over $1.2 billion |
US exchange daily volume | Above $100 million, up from around $75 million in late May |
International daily volume | More than $150 million |
The US exchange also went fully public during this stretch after sitting on a waitlist since December.
The Kalshi Factor
There's a rivalry playing out here too. Kalshi's own funding round in May put its valuation at $22B. Now it's reportedly chasing a $40 billion price tag, nearly double what it was worth just months ago.
The two platforms aren't built the same way, though. Kalshi operates under federal regulation in the US. Polymarket, on the other hand, runs on blockchain infrastructure with crypto-based settlement. That difference shapes who each one tends to attract.
A Regulatory Cloud Still Hangs Over It
There's also an ongoing probe from the US Commodity Futures Trading Commission, tied to how the platform has handled its social media promotions amid claims of misleading activity. Whether that affects the current fundraising talks isn't clear yet, the company hasn't said.
Where This Leaves Things
If the $20B figure holds, it says something about just how much money is chasing crypto prediction markets right now.
Revenue is climbing, the US side of the business is growing, and Kalshi isn't slowing down either with its own $40B ambitions. For anyone following crypto news, this Polymarket news marks one of the most significant developments in the prediction market sector this year.
Disclaimer: This article is for educational and informational purposes only and should not be considered financial or investment advice. Always conduct your own research before making investment decisions.
