Key facts
- Polymarket is a blockchain-based prediction markets platform.
- The company is reportedly seeking to raise approximately $1 billion in new funding.
- The target valuation for this funding round exceeds $20 billion.
- Polymarket previously raised $600 million in April.
- Intercontinental Exchange was the investor in the April funding round.
- The valuation in April was $15 billion.
Polymarket, a platform operating on blockchain technology for prediction markets, is reportedly in the process of seeking new funding. The company is aiming to raise approximately $1 billion in this latest round of investment. This fundraising effort is targeting a valuation that exceeds $20 billion. This valuation represents a notable increase from its previous funding round. In April, Polymarket successfully raised $600 million from Intercontinental Exchange, at which time it was valued at $15 billion. The current reported valuation target indicates substantial growth and investor confidence in Polymarket's business model and future prospects.