Polymarket’s trading volume is surging alongside rising tides, and it is rumored to be seeking funding at a valuation of $15 billion to challenge it

According to a report by Bloomberg, prediction market platform Polymarket has begun early fundraising discussions with investors, seeking a valuation of $12 billion to $15 billion. If this round of fundraising is successfully completed, the company’s valuation would grow tenfold in less than a year.

Polymarket valuation skyrockets, reportedly aiming to raise $15 billion

In June 2025, Polymarket completed a $200 million fundraising round led by the well-known VC firm Founders Fund, with a valuation of $1 billion. This past March, the parent company of the New York Stock Exchange (NYSE), Intercontinental Exchange Group (ICE), also announced plans to inject $2 billion into Polymarket at a valuation of $8 billion.

Now Polymarket is seeking $400 million in fundraising at a valuation of $15 billion, saying capital markets are highly optimistic about the future potential of prediction markets.

Competitor Kalshi is also seeking a $10 billion-plus valuation

As Polymarket’s valuation continues to soar, competitor Kalshi is also reportedly actively pursuing a new round of fundraising, aiming for a valuation exceeding $10 billion. Compared with the company’s recent performance of raising $300 million at a valuation of $5 billion, its valuation has doubled by more than that.

Polymarket partners with a sports betting giant

Polymarket has been expanding its market footprint aggressively through strategic alliances. CEO Shayne Coplan announced that sports betting giant DraftKings will use the platform as its settlement hub as it moves into prediction markets. In addition, the National Hockey League (NHL) has also signed multi-year agreements with Polymarket and Kalshi, designating both companies as official prediction market partners.

Polymarket launches its own stablecoin, Polymarket USD

To meet growing market demand, Polymarket announced earlier this month that it will issue a proprietary stablecoin, “Polymarket USD,” backed 1:1 with USDC, replacing the existing cross-chain token USDC.e. Notably, since the platform began adjusting its fees on March 30, 2026, fee revenue reached $1.09 million within a month, an increase of nearly 50%.

The platform has moved from zero fees to launching its own stablecoin to take control of the settlement layer, establishing a solid business monetization model. In response to the community’s expectations for token airdrops, there has been no further official news so far.

(Polymarket becomes the strongest money-printing machine: daily revenue first tops $1 million, with annualized revenue expected to reach $338 million)

This article, Polymarket’s buzz is surging as it reportedly takes on funding at a $15 billion valuation, was first published on On-chain News ABMedia.