Key Highlights
- Polymarket is allegedly seeking to raise around $1 billion at a valuation of more than $20 billion.
- The discussions come months after the company raised funds at a $15 billion valuation.
- Dune data shows finance-related markets regained share on Polymarket after sports markets dominated during the FIFA World Cup.
Prediction market platform Polymarket is reportedly seeking fresh capital at a valuation exceeding $20 billion.
According to a Bloomberg report published on Tuesday, the company is in early discussions with prospective investors to raise approximately $1 billion, although the talks remain preliminary and the final terms could change.
If completed, the funding round would mark another major valuation increase for Polymarket, which has seen rapid growth in investor interest over the past year.
The Crypto Times has reached out to Polymarket for comment on the reported funding discussions and valuation target.
Fresh funding follows earlier raise
The reported fundraising comes months after Polymarket raised capital at a $15 billion valuation.
In April 2026, reports indicated that the company was exploring a $400 million funding round at a $15 billion valuation as competition intensified with rival prediction market platform Kalshi. The company later secured additional investment, including participation from institutional investors such as hedge fund D.E. Shaw & Co., according to reports.
The latest discussions suggest Polymarket is targeting a higher valuation than in its previous funding round.
New features expand crypto markets
Alongside its reported fundraising efforts, Polymarket has continued upgrading its platform infrastructure. Last week, the company introduced a new TWAP (Time-Weighted Average Price) pricing model for crypto-related prediction markets, replacing its previous snapshot-based pricing system.
The upgrade was designed to reduce the impact of short-term price fluctuations by calculating market prices over a longer period. As part of the update, Polymarket also introduced several changes aimed at improving its crypto markets, including Chainlink-powered price feeds, a $1 million liquidity incentive program to support market activity, and updated pricing mechanisms designed to improve market reliability.
The changes came as Polymarket expanded its crypto-focused markets and sought to improve how prices are determined on the platform.
Trading activity shifts again
The reported fundraising discussions also come as user activity changes following a period dominated by sports-related markets.
According to blockchain analytics platform Dune, finance-related markets accounted for 2.8% of Polymarket’s total trading volume, marking the highest share since March. The platform noted that sports markets captured a larger portion of activity during the FIFA World Cup, but that trend has started reversing as sports-related trading activity declines.
The data suggests market participation is gradually shifting back toward finance, crypto, and other event-based contracts.
Competition with Kalshi continues
Polymarket’s reported fundraising discussions come amid increasing competition in the prediction market sector. Rival platform Kalshi previously raised $1 billion at a $22 billion valuation, highlighting continued investor interest in event-based trading markets.
At the same time, both platforms continue facing regulatory questions in the United States over whether certain prediction contracts should be treated as financial derivatives or gambling products.
For Polymarket, the reported funding talks come as the company continues expanding its platform while competing for market share in an evolving regulatory environment.
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