Polymarket is reportedly in advanced talks to raise about $1 billion at a valuation of approximately $21 billion after the investment, which would double the $9 billion valuation it reached in 2025. The round is expected to be led by 1789 Capital, while ICE, which has invested $1.6 billion and holds an estimated 22% of the company, and Founders Fund are pushing CEO Shayne Coplan to hire a chief operating officer. That position remained vacant as of mid-October 2026, even after Warren Jenson was appointed chief financial officer in September. Polymarket is also strengthening its executive team with executives from Goldman Sachs, DoorDash and Robinhood, while competing with Kalshi, which controlled the majority of US prediction-market volume at the time.
Source: Read the original article
