Key Takeaways:
Polymarket is reportedly in superior talks to lift $400 million at a $15 billion valuation, per The Data. ICE has already invested over $1.6 billion in Polymarket since October 2025, constructing on an $8 billion pre-money deal. Polymarket hit a file $10.57 billion in month-to-month buying and selling quantity in March 2026, with enlargement capital subsequent.
Polymarket Seeks $400M Funding Spherical, In response to The Data Sources
The Data report cited folks acquainted with the matter and famous that the spherical has not been finalized, which means phrases may nonetheless change. Polymarket can also be looking for extra strategic buyers past its present backers, and if the spherical expands, complete new capital may attain $1 billion.
The talks construct on a significant funding from Intercontinental Trade, the father or mother firm of the New York Inventory Trade (NYSE). In October 2025, ICE introduced plans to speculate as much as $2 billion in Polymarket at an roughly $8 billion pre-money valuation. The association included an fairness stake and a plan for ICE to distribute Polymarket’s event-driven knowledge as market sentiment indicators.
ICE accomplished a $600 million direct money funding in Polymarket on March 27, 2026, following an earlier $1 billion direct funding in October 2025. ICE additionally deliberate to buy as much as $40 million in securities from present holders, bringing its complete dedication to greater than $1.6 billion.
The brand new $400 million elevate, in response to the report, is being sought at a valuation roughly 67% above the post-money determine implied by the October 2025 ICE deal, reflecting development in buying and selling exercise and platform attain over the previous a number of months.
Polymarket operates because the world’s largest decentralized prediction market, letting customers commerce on the outcomes of elections, sports activities occasions, geopolitical developments, and crypto costs utilizing cryptocurrency. The platform runs onchain, giving individuals entry to real-time odds and clear settlement.
The prediction market platform recorded its first $10 billion-plus month-to-month buying and selling quantity in March 2026, reaching roughly $10.57 billion, with each day peaks close to $478 million. In February 2026, month-to-month quantity exceeded $7 billion, with a single-day excessive of $425 million. Buying and selling exercise into April 2026 has remained elevated throughout 1000’s of lively markets.
Polymarket, which operates by means of the registered entity Blockratize, Inc., has raised over $2.3 billion in cumulative capital throughout a number of rounds courting again to a roughly $4 million seed in 2020. A $55 million spherical in 2024 valued the corporate at roughly $350 million. A $150 million spherical in early 2025, led by Founders Fund, valued it at $1.2 billion.
Competitor Kalshi just lately reached a valuation of roughly $22 billion in its personal funding spherical, reflecting broad investor curiosity within the prediction market sector. Kalshi operates as a regulated change in the USA, whereas Polymarket holds a world consumer base and leads in onchain buying and selling quantity.
Prediction markets expanded sharply in 2025 and into 2026, pushed by mainstream consideration following the 2024 U.S. elections, rising institutional participation, and clearer regulatory alerts in sure jurisdictions. ICE’s involvement has given Polymarket added credibility with conventional finance companies and potential pathways by means of the regulatory course of.
If the present spherical closes at The Data’s reported phrases, it could signify one other vital step within the platform’s development trajectory. The capital is predicted to fund product improvement, enlargement efforts, and aggressive positioning in a sector the place projections level towards lots of of billions in annual quantity industry-wide.
