Wu Blockchain (@WuBlockchain): Polymarket Reportedly Seeks $1 Billion at Valuation Above $20 Billion

Polymarket Reportedly Seeks $1 Billion at Valuation Above $20 Billion Bloomberg reported, citing people familiar with the matter, that prediction market platform Polymarket is in preliminary talks with potential investors to raise about $1 billion at a valuation exceeding $20 billion. If completed, the deal would more than double its $9 billion valuation from October 2025. Polymarket reportedly completed roughly $1 billion in financing at a $15 billion valuation in April, adding investors including D.E. Shaw and G Squared. Since then, it has launched its U.S. platform and increased annualized revenue to more than $1.2 billion. Rival Kalshi was valued at $22 billion following a May funding round, while its July trading volume was reportedly about three times Polymarket’s. A Polymarket spokesperson declined to comment.