HomeCryptocurrency NewsPolymarket nears $400M raise at $15B valuation after ICE deal

Polymarket nears $400M raise at $15B valuation after ICE deal

Posted: 20 April 2026, 08:02 CET | Updated: 20 April 2026, 08:09 CET 1 min read

Polymarket is in talks to raise $400 million at a $15 billion valuation after Intercontinental Exchange invested $600 million in late March.

Polymarket is in talks to raise $400 million at a $15 billion valuation, following a $600 million investment from Intercontinental Exchange in late March. The $400 million tranche could form part of a larger round that may reach $1 billion as the company seeks additional strategic investors beyond ICE.

In a Kalshi vs Polymarket comparison, a $15 billion valuation would leave Polymarket below Kalshi, which reportedly reached about $22 billion in its latest funding round.

Prediction markets expanded around the 2024 U.S. election and now frequently record more than $10 billion in combined monthly trading volume across markets covering sports, political contests, corporate earnings and cultural events.

Institutional firms and exchange operators have shown growing interest in event-driven contracts. One Nasdaq options exchange filed to offer cash-settled, binary-style contracts on the Nasdaq-100. Cboe Global Markets is developing a similar product, and CME Group has partnered with FanDuel to create contracts tied to outcomes outside traditional financial instruments. Charles Schwab and Citadel Securities have indicated they are considering entry into the space.

The sector has drawn regulatory scrutiny. Several platforms have faced allegations of insider trading and market manipulation. Kalshi is involved in a legal dispute with the Nevada Gaming Control Board after a lower court temporarily blocked the company from operating in the state.

Polymarket’s fundraising discussions are ongoing and subject to negotiation. Any completed financing will depend on investor commitments and agreed terms.

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