Polymarket is reported to be in early discussions for a new fundraising round that would value the prediction market platform at more than $20 billion. According to the outlets, the talks are at an early stage and have not yet been finalized. One report says the company is seeking roughly $1 billion in additional funding. The new discussions come after Polymarket recently closed a major funding round in April, when it was reported to have raised about $15 billion.
The reports also reference Polymarket’s recent performance indicators. In June, the company told CNBC that its annualized revenue is well above $1 billion. Quartz similarly frames the current effort as part of the company’s ongoing financing activity months after the April round.
No details in the cited coverage confirm the terms, investors, or timing of the potential new round, and the valuation figure is presented as a target associated with the early talks rather than a completed agreement.
