TLDR
- Polymarket’s weekly trading volume hit $2B for the first time in October 2025
- Intercontinental Exchange invested at an $8B valuation earlier this month
- Polymarket may raise funds at a $12B to $15B valuation according to reports
- New partnerships include DraftKings and the NHL for official data integration
Polymarket, the blockchain-based prediction platform, is in early talks to raise fresh capital that could value the company between $12 billion and $15 billion. The platform has seen rapid growth in both user activity and investor interest, with its weekly trading volume recently crossing $2 billion for the first time. Backing from major institutions has strengthened its position as a key player in the prediction markets sector.
Funding Talks Targeting a Higher Valuation
Polymarket is currently in discussions with investors to raise a new round of funding. According to a Bloomberg report dated October 23, the valuation range being discussed is between $12 billion and $15 billion. This follows a sharp rise from its $1 billion valuation in June when Founders Fund led a $200 million round.
The company also secured a deal earlier this month with Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. ICE agreed to invest up to $2 billion at an $8 billion valuation. This investment marked a major step in Polymarket’s development and placed CEO Shayne Coplan among the youngest self-made billionaires.
Growth in Trading Activity and Market Use
Recent data shows that Polymarket’s weekly trading volumes have hit record highs, passing the $2 billion mark in the week ending October 19. This level of activity points to growing use of the platform by both retail and institutional traders.
Participants use Polymarket to trade on topics like elections, sports, and global policy developments. These markets offer users a way to express views and track public sentiment based on real-world events. The surge in trading has increased the platform’s visibility among investors and industry stakeholders.
Institutional Support and New Partnerships
The investment by ICE is one of several moves by major firms to gain exposure to the prediction market space. The platform has also built new relationships within the sports and betting industries. It recently partnered with DraftKings and the National Hockey League (NHL), becoming the first prediction platform to collaborate with a major U.S. sports league.
Under these deals, Polymarket will integrate official NHL data into its platform. It will also act as a clearinghouse for DraftKings’ prediction offerings. These partnerships are expected to support Polymarket’s reach across regulated U.S. markets and add legitimacy to its operations.
Expansion into Regulated Markets
Polymarket is preparing for a broader U.S. rollout through its earlier acquisition of QCEX, a move aimed at meeting compliance standards. While currently operating in a decentralized environment, the company is shifting some services to meet regulatory requirements for wider adoption.
Meanwhile, rival platform Kalshi is also attracting attention and is reportedly being valued above $10 billion. Kalshi operates under the oversight of the Commodity Futures Trading Commission (CFTC), signaling growing acceptance of prediction markets by regulators.
Polymarket continues to expand its blockchain support as well. It recently added Binance’s BNB Chain for deposits and withdrawals, alongside its existing integrations with Polygon and Chainlink. These changes aim to improve access and increase user engagement across different blockchain ecosystems.
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