Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Polymarket Eyes $15B Valuation Amid Soaring Investor Interest in Prediction Markets

Polymarket Eyes $15B Valuation Amid Soaring Investor Interest in Prediction Markets

DeFi PlanetDeFi Planet2025/10/23 18:48
By:DeFi Planet

Quick Breakdown 

  • Polymarket seeks a $12–$15B valuation, up from $1B in June.
  • ICE’s $2B investment cements institutional confidence in prediction markets.
  • Trading volumes hit record highs, signaling booming investor demand.

Polymarket targets multi-billion valuation in fresh funding talks

Investor appetite for prediction markets is heating up as Polymarket, one of the sector’s biggest players, reportedly enters early discussions to raise fresh capital at a valuation ranging between $12 billion and $15 billion, according to an October 23 Bloomberg report citing sources familiar with the matter.

If finalized, the new valuation would represent a tenfold jump from June when Peter Thiel’s Founders Fund led a $200 million round that pegged Polymarket’s worth at just $1 billion.

Earlier this month, Intercontinental Exchange (ICE) the parent company of the New York Stock Exchange, agreed to invest up to $2 billion in Polymarket at an $8 billion valuation. The deal made CEO Shayne Coplan the youngest self-made billionaire and strengthened Polymarket’s ties with traditional financial institutions.

This partnership underscores how prediction markets are moving from the crypto niche to the mainstream, attracting both Wall Street firms and retail traders.

Trading activity hits record levels

Polymarket’s rapid rise mirrors the sector’s explosive growth. Weekly trading volumes hit $2 billion for the week ending October 19 — the highest in the company’s history.

Competitor Kalshi is also seeing mounting investor attention, with offers valuing it above $10 billion, more than double its previous round. Both firms are pursuing regulated expansions, with Kalshi operating under CFTC oversight, while Polymarket is preparing a compliant U.S. launch through its acquisition of QCEX earlier this year.

Strategic partnerships boost market reach

To strengthen its market position, Polymarket recently unveiled collaborations with DraftKings and the National Hockey League (NHL) — marking the first major U.S. sports league partnerships in the prediction market space.

We’re honored and proud to be named the Official Prediction Market Partner of the NHL.

You can now trade with no fees, no house, & no limits. pic.twitter.com/XuFOboiklY

— Polymarket (@Polymarket) October 22, 2025

Under the partnership, Polymarket will serve as a clearinghouse for DraftKings’ prediction markets and integrate official NHL data into its trading platform. The firm has also expanded its blockchain ecosystem by adding Binance’s BNB Chain to existing integrations with Polygon and Chainlink.

 

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitcoin Faces Pressure at $108K After ETF Exodus

TheCryptoUpdates2025/10/23 22:18
Bitcoin Faces Pressure at $108K After ETF Exodus

The Journey of Hyperliquid (Part 3): No Battles in CLOB

Why the CLOB (Central Limit Order Book) architecture is suitable for perpetual contracts, and where are the limits of the CLOB architecture?

佐爷歪脖山2025/10/23 21:45
The Journey of Hyperliquid (Part 3): No Battles in CLOB

HIVE Digital Boosts Bitcoin Mining with 100MW Hydroelectric Expansion in Paraguay

Boosting Renewable Mining Operations with a New 100-Megawatt Hydroelectric-Powered Data Center

Coineagle2025/10/23 21:39
HIVE Digital Boosts Bitcoin Mining with 100MW Hydroelectric Expansion in Paraguay

Hyperliquid Strategies’ $1B Accumulation Boosts HYPE Price by 12%

Hyperliquid Strategies Bolsters Balance Sheet with $1 Billion Equity Offering, Boosting HYPE Price by 12%

Coineagle2025/10/23 21:39
Hyperliquid Strategies’ $1B Accumulation Boosts HYPE Price by 12%