Prediction markets platform Polymarket is in discussions with buyers to lift $400 million in recent funding, which may place its valuation at round $15 billion, in response to a report by The Data. The transfer comes shortly after competitor Kalshi accomplished a $1 billion funding spherical that put the corporate at about $22 billion.
The brand new financing spherical is anticipated to carry the full capital raised to round $1 billion if extra strategic buyers are included.
Polymarket Growth
Polymarket lately introduced a $600 million funding from Intercontinental Trade, the dad or mum firm of the New York Inventory Trade (NYSE), as a part of its plan to allocate as much as $2 billion towards increasing into event-based buying and selling.
The fundraising efforts come amid rising curiosity in prediction markets, which permit customers to commerce on the outcomes of real-world occasions. The sector has seen a surge in buying and selling volumes and consumer participation, and has attracted the eye of institutional buyers aiming to capitalize on the increasing market.
Based on estimates from brokerage agency Bernstein, volumes from prediction markets are anticipated to achieve $1 trillion yearly by 2030. Main platforms similar to Kalshi and Polymarket registered buying and selling volumes of round $60 billion up to now this 12 months, surpassing the $51 billion recorded in all of 2025.
Bernstein initiatives whole volumes will climb to $240 billion in 2026, which shall be a 370% enhance year-on-year, and expects the market to develop at a compound annual charge of about 80% via the tip of the last decade. Progress has been pushed by rising participation and increasing contract classes, together with sports activities, crypto property, and macroeconomic occasions.
Weekly volumes on Kalshi have additionally reached over $3 billion in comparison with roughly $100 million a 12 months earlier.
Insider Buying and selling Issues
Regardless of speedy progress in prediction market exercise, issues round misuse and oversight proceed to floor. Earlier this month, Lookonchain recognized a bunch of newly created wallets that earned about $663,000 on Polymarket by appropriately betting on a US-Iran ceasefire shortly earlier than it occurred. The accounts had no prior exercise and positioned trades at low implied possibilities, which raised questions of insider data.
In the meantime, Israeli authorities charged an IDF reservist and a civilian for allegedly utilizing labeled army info to put bets on Polymarket, following an investigation involving a number of safety companies. Prosecutors stated such actions posed dangers to nationwide safety.
Moreover, regulatory strain has intensified throughout the globe. For example, in March, a courtroom in Buenos Aires ordered a nationwide block on Polymarket, citing its operation as an unlicensed betting platform and flagging gaps in identification checks and cost controls, together with using cryptocurrencies and bank cards with out commonplace compliance measures.
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