Polymarket, the crypto-native prediction market platform, is looking to raise fresh capital at a valuation exceeding $20 billion, more than double its $9 billion valuation from its Series D round in October 2025. The company has raised over $2 billion in total, including a $600 million investment from the Intercontinental Exchange, parent company of the New York Stock Exchange, announced in March 2026. The firm also plans to relaunch in the US market alongside the launch of its native token POLY, with an airdrop planned for existing users. Competitor Kalshi is also reportedly targeting a valuation of approximately $20 billion.
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