Polymarket Pursues New Funding with Valuation Surging to $15 Billion
- Polymarket is seeking a new funding round, targeting a valuation between $12 billion and $15 billion.
- The platform’s valuation has increased dramatically from approximately $1 billion in July.
- Previous investments include $200 million from Founders Fund and a potential $2 billion from Intercontinental Exchange (ICE).
- Competitor Kalshi is also seeking investments, with a current valuation exceeding $10 billion.
- Polymarket co-founder Shane Coplan hinted at the potential launch of a token called POLY.
The rapid increase in valuations for platforms like Polymarket and Kalshi indicates growing investor interest in crypto-based betting opportunities. Both companies have recently partnered with the NHL, enhancing their market presence.
As Polymarket aims for a valuation of up to $15 billion, its significant growth reflects strong confidence in the future of crypto betting platforms. (Source)
