Spain’s Dirección General de Ordenación del Juego (DGOJ) has announced that it has blocked prediction market operators Polymarket and Kalshi, arguing that both offered their...
Polymarket to get $15B valuation with $400M funding
Polymarket is in discussions to get $400 million in a new funding round, which would send the prediction markets’ valuation up to $15 billion, compared to the October 2025 valuation of $9 billion.
The news was reported by multiple sources, such as Bloomberg, The Guardian, and The Information, revealing that if completed, Polymarket’s platform would become worth more than MGM Resorts and DraftKings.
In March 2026 alone, the platform generated around $10.6 billion, with the volume of Q1 2026 exceeding the previous quarter by more than double.
Regarding fundraising, in 2025, Polymarket got a $1 billion valuation after a $200 million funding round led by Founders Fund. The platform further increased its value after the owner of the New York Stock Exchange, Intercontinental Exchange, started supporting the prediction market.
It’s also reported that representatives from U.S. political and venture-capital spheres are among the supporters of Polymarket as well.
At the moment, the platform is going through technical restructuring, which includes new exchange contracts, a new collateral token (Polymarket USD), and a rewritten Central Limit Order Book backend.
The company has supported the $15 billion valuation claim by noting that a liquid and real-time market holds more value than a traditional gambling platform in terms of a data infrastructure.
The authorities in South Korea have launched an investigation into Polymarket to decide whether the platform’s product is classified as illegal gambling under the country’s...
