Polymarket to Raise Funding at a Valuation of Up to $15 Billion

Polymarket is a leading platform where users can bet on the outcomes of future events, like elections, financial results, or current affairs. It combines decentralized finance with information markets, offering a way to gather collective predictions. The platform is designed for a wide range of users who want to speculate on or hedge against real-world events.

Polymarket is raising a new funding round that would value the company between $12 billion and $15 billion, marking a dramatic surge from previous estimates. This follows a $2 billion investment from Intercontinental Exchange, the parent of the New York Stock Exchange, earlier in October 2025 that valued the firm at approximately $9 billion.

Polymarket, headquartered in New York, New York, United States, was founded in 2020 by Shayne Coplan. In January 2025, the company joined the unicorn club. Prominent investors in the company include Peter Thiel's Founders Fund, Blockchain Capital, and Intercontinental Exchange.