Polymarket is set to reach a $21 billion post-money valuation in a new $1 billion funding round, marking another sharp increase in the value of the prediction-market platform.
The round is being led by 1789 Capital, which is expected to invest about $300 million. Polymarket was valued at $15 billion in April, meaning the latest deal represents a roughly 40% increase in valuation within several months.
The financing underscores growing investor interest in prediction markets as platforms expand beyond political events into sports, economics and other real-world outcomes. Polymarket is also working to attract more institutional users and seeking regulatory approval for margin trading in the U.S. Its main rival, Kalshi, raised capital at a $22 billion valuation in May.
