Prediction markets platform Polymarket is targeting a $400 million fundraising round at a valuation of about $15 billion including the new money, The Information reported on Sunday, citing people familiar with the matter.
The $15 billion figure is a 67% jump from Polymarket’s $9 billion valuation established in October 2025, when Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, led a $2 billion investment.
According to the report, the new round would add to ICE’s existing stake and could bring total new financing to around $1 billion.
Polymarket is also looking to bring in additional strategic investors alongside ICE. The company has been expanding its push into prediction markets as the sector gains momentum.
Trading volume and users
Prediction markets have expanded from niche crypto platforms into a multi-billion-dollar financial market, with monthly volumes growing from roughly $1.2 billion in early 2025 to over $20 billion by January 2026, according to TRM Labs.
The overall growth reflects both increased engagement from existing users and a broad influx of new participants, with leading platforms now reaching roughly 840,000 unique active wallets per month.
Trading activity is increasingly concentrated on geopolitics, macroeconomics, and political events, which now account for a majority of total market volume.
Kalshi and Polymarket currently dominate the prediction market space in terms of trading volume, liquidity, and user participation.
Beyond political and sports markets, Polymarket has begun offering prediction contracts on commodities and individual equities, integrating real-time pricing data from oracle providers such as Pyth and Chainlink.
