💸 Prediction Market Platform Polymarket @Polymarket plans to raise $400 million with a valuation of approximately $15 billion


Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, invested $600 million in this round of funding last month
This valuation level is vastly different from its competitor Kalshi @Kalshi. Last month, Kalshi secured a $1 billion funding round led by Coto Management, with a post-money valuation of $22 billion. Despite this, Polymarket's new valuation is still over 66% higher than its funding round in October of last year. At that time, Intercontinental Exchange invested $1 billion, and the platform's post-money valuation was $9 billion.
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