Polymarket seeks funding at a valuation of up to $15 billion: Report

Polymarket is in early discussions with investors and looking to raise funds at a valuation between $12 billion and $15 billion, Bloomberg News reported on Wednesday, citing people familiar with the matter.

Polymarket did not immediately respond to a Reuters request for comment.

In June, the world's biggest prediction market was close to raise $200 million in a funding round that would value it at more than $1 billion, Reuters reported.


Polymarket allows users to place bets using cryptocurrency on real-world events.

Earlier this month, Intercontinental Exchange announced that it would invest up to $2 billion in Polymarket as it prepares to re-enter the US more than three years after restricting American users.

Prediction markets, where users wager on outcomes across sports, entertainment, politics and the economy - including bets on when the US government shutdown will end and the least-streamed song on Taylor Swift's latest album - have seen a surge in institutional interest since the presidential election last year.