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- Zafar Naik
Zafar Naik
- Reviewed by:
Qadir AKQadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Oct 23, 2025 09:33 UTC
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Blockchain Prediction Market Polymarket Eyes $15B Valuation With Big Names on Board
Polymarket is targeting a $12–$15B valuation after rapid growth and major backing from ICE, DraftKings, and OpenAI.
Weekly trading volumes hit a record $2B, surpassing 2024 U.S. election levels.
Regulatory clearance and strategic partnerships position Polymarket for mainstream U.S. expansion.
Polymarket, the blockchain platform where users bet on everything from politics to sports, is making waves in crypto. Sources tell Bloomberg that it’s in early talks to raise funds at a $12–$15 billion valuation – a 10x jump from just four months ago.
Earlier this year, Polymarket raised $200 million from Peter Thiel’s Founders Fund, valuing it at $1 billion. Then, ICE (Intercontinental Exchange) – the parent company of the NYSE – agreed to invest up to $2 billion, pushing the valuation to $8 billion.
Now, with new funding talks underway, the startup is racing toward $15 billion. Crypto Twitter is buzzing with the news – here’s what you should know.
Big Names Back Polymarket
ICE’s deal gives Polymarket access to ICE’s event data and opens doors for future tokenization projects. CEO Shayne Coplan, 28, is now a billionaire, and his strategy is to make Polymarket the bridge between traditional finance and blockchain innovation.
The company has also teamed up with DraftKings, the NHL, and OpenAI’s World project. DraftKings will use Polymarket as a clearinghouse for its entry into prediction markets, while the NHL signed multi-year deals with both Polymarket and Kalshi.
Even OpenAI’s digital identity app, World, is integrating Polymarket.
Trading Volumes Are Surging
Mid-October saw weekly trading volumes hit $2 billion, breaking previous records. Polymarket accounted for over $1 billion, about 52% of the total market, while Kalshi handled roughly $950 million.
Kalshi is also seeing huge investor interest, with offers above $10 billion, up from $2 billion just a few months ago. The sector is heating up fast.
Regulatory Hurdles Are Clearing
Polymarket has had its share of regulatory issues. In 2022, it settled with the CFTC over operating an unregistered exchange, leading to a temporary U.S. ban.
This year, after acquiring Florida-based QCX and its clearinghouse, the platform received a CFTC no-action letter, clearing a path to return to the U.S. market.
The Future Looks Big
Polymarket’s growth shows that decentralized prediction markets are moving beyond niche experiments. With trading booming, major partnerships, and U.S. operations back on track, the platform is poised to become a major player in crypto finance.
This is an interesting intersection of finance, data, and blockchain – one to watch!
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FAQs
Polymarket is a blockchain-based platform where users can bet on real-world events, from politics to sports, using cryptocurrency. It’s a decentralized prediction market.
Polymarket is moving toward US operations after a 2022 ban. It recently acquired a clearinghouse and received a key no-action letter from the CFTC, clearing a path for its return.
Major investors include Peter Thiel’s Founders Fund and the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE).
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