Crypto prediction platform Polymarket is in talks to raise new funding, valuing the company at up between $12bn and $15bn, Bloomberg reported, citing people familiar with the matter. Founded in 2020, Polymarket lets users trade binary outcomes across politics, sports, and markets, a niche now attracting major institutional attention.
Polymarket In Talks to Raise Funding, Valuing it At Up To $15bn: Bloomberg
23 October 2025 - 14:28 CEST
Rival platform Kalshi is also fielding offers valuing it at $10bn, reflecting surging interest in prediction markets as an emerging digital asset class, Bloomberg said.
The prediction market rally highlights growing institutional adoption of onchain event trading, with both retail and professional investors viewing these platforms as new tools for hedging political and market risk.