Prediction markets poised for explosive growth, Polymarket aims to raise an additional $400 million at a $15 billion valuation

According to foreign media reports, driven by a surge in demand for prediction markets, Polymarket plans to raise approximately $400 million at a market valuation of about $15 billion.

Currently, the platform is in talks with investors, and if more strategic investors are involved, the new round of funding is expected to raise a total of around $1 billion.

At present, Polymarket's $15 billion valuation remains below that of its main competitor Kalshi, which was valued at about $22 billion in its recent $1 billion funding round.

Earlier in March, Polymarket secured $600 million in funding, which increased the company's valuation from $9 billion last year to $15 billion.

This funding comes at a time when prediction markets are experiencing a surge in trading volume, including contracts related to sports events, elections, cryptocurrencies, and macroeconomic events.

Data shows that Polymarket's nominal trading volume in March reached $10.6 billion, six times higher than six months prior.

Data indicates that major platforms like Kalshi and Polymarket have traded approximately $60 billion so far this year, surpassing the total annual trading volume of $51 billion projected for 2025.

Meanwhile, Kalshi's weekly trading volume has exceeded $3 billion, compared to about $100M a year ago.

According to Bernstein estimates, the total trading volume of prediction markets is expected to reach $240 billion by 2026, a 370% increase year-over-year, and is projected to grow to $1 trillion by 2030, with a compound annual growth rate of about 80%.

Analysis also estimates that by 2030, prediction market trading volume will reach $1 trillion annually.

Notably, although state gaming regulators consider prediction markets to be subject to state gambling laws and have attempted to shut down these platforms through legal action;

the Commodity Futures Trading Commission (CFTC) has been opposing the states, insisting that prediction markets fall under CFTC regulation and can operate nationwide.

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