October 23, 2025 — Investor enthusiasm for prediction markets is surging as Polymarket, one of the sector’s biggest players, seeks to raise new capital at a valuation of $12 billion to $15 billion, according to a Bloomberg report citing people familiar with the matter.
If successful, the deal would mark a tenfold jump from Polymarket’s $1 billion valuation in June, when Peter Thiel’s Founders Fund led a $200 million investment round.
Earlier this month, the Intercontinental Exchange (ICE) — owner of the New York Stock Exchange — agreed to invest up to $2 billion at an $8 billion valuation, making CEO Shayne Coplan the youngest self-made billionaire and cementing Polymarket’s growing ties with traditional finance.
Prediction Markets Gain Momentum
Polymarket’s rise mirrors a broader explosion in prediction market activity. The platform’s weekly trading volume exceeded $2 billion during the week ending October 19, the highest level on record.
The growing demand is driven by retail and institutional investors using event-based markets to gauge public sentiment on elections, policy changes, and major sports outcomes.
Rival Kalshi is also attracting strong investor attention, with offers valuing it above $10 billion — more than double its recent funding round. Both firms are expanding into regulated U.S. markets, with Kalshi already operating under CFTC oversight and Polymarket preparing a domestic rollout through its QCEX acquisition earlier this year.
Partnerships Expand Market Reach
Polymarket recently unveiled partnerships with DraftKings and the National Hockey League (NHL) — the first major U.S. sports league collaborations in the prediction market space. Under the deal, Polymarket will act as a clearinghouse for DraftKings’ prediction markets while integrating official NHL data into its interface.
The company is also broadening its blockchain integrations, adding Binance’s BNB Chain for deposits and withdrawals alongside Polygon and Chainlink.
If the funding round closes at the projected valuation, Polymarket would become one of the highest-valued companies in the crypto prediction market sector, fueling its push toward U.S. expansion, regulatory compliance, and next-generation trading technology.
