Polymarket is discussing a new fundraising of $400 million based on a valuation of around $15 billion. The prediction market is no longer just a corner of crypto, it is now an area that Wall Street is watching very closely.
In brief
- Polymarket wants to raise $400 million at a valuation of $15 billion.
- The platform benefits from the massive arrival of Wall Street in predictive markets.
- But American regulations can still slow down this rise.
Polymarket wants to change scale
Polymarket is not just looking to raise new capital. The platform also wants to attract other strategic investors alongside Intercontinental Exchange, the parent company of the New York Stock Exchange. And this, even though the majority of users remain losers on these markets. In total, this funding round could reach up to $1 billion.
This point is central. In March 2026, ICE has already injected $600 million into Polymarket, as part of a broader commitment officially announced by the group. This support changes the perception of the file: we are no longer facing a marginal crypto startup, but facing an infrastructure that historical players want to support.
The targeted valuation, around 15 billion, remains lower than that of Kalshi, valued at around 22 billion during its last round. But this gap doesn't tell the whole story. Above all, it shows that the battle in the sector is now being played out at very high altitude, with valuations that would have seemed extravagant only recently.
The predictive market now attracts heavyweights
Investor appetite does not come out of nowhere. Prediction markets have exploded since the 2024 US presidential election and have since remained very active. TRM Labs mentioned in March a global monthly volume of more than $20 billion in January 2026while several sectoral monitoring shows regular volumes well above 10 billion.
It’s no longer just a crypto fad. Nasdaq MRX filed in March to launch binary contracts linked to the Nasdaq-100. The movement is revealing: traditional finance no longer views this market as a curiosity, it is already looking for its entry point.
The same signal appears elsewhere. Charles Schwab has admitted to studying the subject, while Citadel Securities is also monitoring this segment closely. In other words, Polymarket may be raising money at the right time, just before the space becomes downright crowded. At first glance, 15 billion for an events betting platform may seem excessive. However, the logic of investors is broader. They don't just pay for an interface where you bet on elections, sports or economic announcements. They pay for access to a new form of derivative product, simpler to understand and more viral to distribute.
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