Gate News message, April 20 — Polymarket is seeking an additional $400 million in funding after securing $600 million at a $15 billion valuation last month, according to sources familiar with the negotiations.
The prediction market platform’s valuation has surged from $9 billion last year, when Intercontinental Exchange Inc., the parent company of the New York Stock Exchange, invested $1 billion in the startup. This latest funding round would further increase Polymarket’s value.
However, Polymarket’s $15 billion valuation remains below that of its main competitor, Kalshi Inc., which recently raised $1 billion at a $22 billion valuation.
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