Key points to remember:
- Polymarket is reportedly in advanced talks to raise $400 million at a valuation of $15 billion, according to The Information.
- ICE has already invested more than $1.6 billion in Polymarket since October 2025, based on an $8 billion pre-financing agreement.
- Polymarket hit a record $10.57 billion in one month trade volume in March 2026, with expansion capital thereafter.
Polymarket seeks $400 million funding round, news sources say
The information report cited people familiar with the matter and noted that the round was not finalized, meaning the terms could still change. Polymarket is also seeking additional strategic investors beyond its existing backers, and if the round grows, total new capital could reach $1 billion.
The negotiations build on a major investment from the Intercontinental Exchange, the parent company of the New York Stock Exchange (NYSE). In October 2025, ICE announcement plans to invest up to $2 billion in Polymarket at a pre-money valuation of approximately $8 billion. The deal included an equity stake bet and a plan for ICE to distribute Polymarket event data as market sentiment indicators.
ICE completed a direct cash investment of $600 million in Polymarket on March 27, 2026, following an earlier direct investment of $1 billion in October 2025. ICE also planned to purchase up to $40 million of securities from existing holders, bringing its total commitment to more than $1.6 billion.
According to the report, the new $400 million raise is being sought at a valuation approximately 67% higher than the post-money figure implied by the October 2025 ICE deal, reflecting growth in trading activity and platform reach over the past few months.
Polymarket is the world’s largest decentralized provider prediction marketallowing users to discuss election results, sporting events, geopolitical developments and crypto price using cryptocurrency. The platform operates on-chain, giving participants access to real-time odds and transparent settlement.
THE prediction market the platform recorded its first monthly figure of over $10 billion trade volume in March 2026, reaching around $10.57 billion, with daily peaks near $478 million. In February 2026, monthly volume surpassed $7 billion, with a single-day high of $425 million. Trading activity through April 2026 remained elevated across thousands of active markets.
Polymarket, which operates through registered entity Blockratize, Inc., has raised more than $2.3 billion in cumulative capital over multiple rounds dating back to approximately $4 million in 2020. A $55 million round in 2024 valued the company at approximately $350 million. A $150 million fundraising round in early 2025, led by Founders Fund, valued it at $1.2 billion.
Competitor Kalshi recently reached a valuation of around $22 billion on its own financing cyclereflecting the broad interest of investors in the prediction market sector. Kalshi operates as a regulated exchange in the United States, while Polymarket holds a global user base and is a leader in the on-chain space. trade volume.
Prediction Markets increased sharply in 2025 and 2026, driven by widespread attention to the 2024 US elections, growing institutional participation and clearer regulatory signals in some jurisdictions. ICE’s involvement gave Polymarket increased credibility with traditional financial firms and potential paths through the regulatory process.
If the current cycle ends on the terms announced by The Information, it would represent another important step in the platform’s growth trajectory. The capital is expected to fund product development, expansion efforts and competitive positioning in an industry where projections indicate hundreds of billions of dollars in annual revenue. volume industry-wide.
