Polymarket Secures Major Investment for Rapid Valuation Surge

Prediction market platform Polymarket is actively pursuing significant investment at a valuation of $12 billion to $15 billion, reflecting a substantial increase from its previous valuation just four months ago. 💰 Since its June funding round led by Peter Thiel’s Founders Fund, which valued the company at $1 billion, Polymarket has experienced rapid growth in its market value. This momentum was further fueled by Intercontinental Exchange Inc.’s recent commitment to invest up to $2 billion in Polymarket, placing its valuation at approximately $8 billion before factoring in existing funds raised. This strategic move propelled CEO Shayne Coplan into the ranks of self-made billionaires.