Polymarket Seeks Major Investment Amid Rapid Valuation Growth

According to BlockBeats, prediction market platform Polymarket is in early discussions with investors to secure funding at a valuation between $12 billion and $15 billion, marking a significant increase from its valuation four months ago. Polymarket's valuation has seen rapid growth. In June, the startup raised $200 million in a funding round led by Peter Thiel's Founders Fund, which valued the company at $1 billion. Earlier this month, Intercontinental Exchange Inc., the parent company of the New York Stock Exchange, announced plans to invest up to $2 billion in Polymarket, valuing it at approximately $8 billion, excluding funds already raised. This transaction has positioned Polymarket CEO Shayne Coplan as the youngest self-made billionaire.