Crypto prediction market Polymarket has quietly raised $205 million throughout two beforehand undisclosed funding rounds, based on CEO Shayne Coplan.
Key Takeaways:
- Polymarket raised $205 million in two undisclosed rounds between 2024 and 2025, valuing the agency at $1.2 billion.
- Intercontinental Alternate (ICE), mother or father of the NYSE, plans to take a position as much as $2 billion in Polymarket.
- The funding and partnership cement Polymarket’s rise from a DeFi startup to a number one prediction market.
The rounds, $55 million in 2024 led by Blockchain Capital at a $350 million valuation, and $150 million in 2025 led by Founders Fund at a $1.2 billion valuation, carry complete funding earlier than its current ICE deal to just about $279 million.
Coplan mentioned the 2025 spherical included a roster of main backers equivalent to Ribbit, Valor, Point72 Ventures, SV Angel, 1789, 1confirmation, Coinbase, and Dragonfly, alongside a number of well-known angel traders.
ICE to Make investments $2B in Polymarket, Valuing Prediction Platform at $9B
The disclosure comes shortly after Intercontinental Alternate (ICE), the mother or father firm of the New York Inventory Alternate, introduced plans to take a position as much as $2 billion in Polymarket at a $9 billion post-money valuation.
ICE’s submitting indicated the platform was already valued close to $8 billion earlier than the funding.
Based in 2020, Polymarket has develop into a number one crypto-native prediction venue, permitting customers to commerce on real-world occasions starting from elections and sports activities to macroeconomic traits.
The ICE partnership will see the trade group distribute Polymarket’s event-based knowledge globally and collaborate on tokenization initiatives geared toward bridging prediction markets and conventional finance.
“Shayne Coplan has constructed a product-focused firm centered on consumer engagement and distribution,” mentioned Jeffrey C. Sprecher, ICE’s chairman and CEO.
“Collectively, ICE and Polymarket can faucet into new alternatives throughout event-driven markets.”
Additionally, I’d prefer to share the prior two rounds which had been by no means introduced.
Earlier this yr, Founders Fund led a $150m spherical into Polymarket, valuing us at $1.2b. Additionally on this spherical was Ribbit, Valor, Point72 Ventures, SV Angel, 1789, 1confirmation, Blockchain Capital, Coinbase,…— Shayne Coplan
(@shayne_coplan) October 7, 2025
The announcement follows a surge of institutional and retail consideration towards prediction markets, as traders discover event-based buying and selling as an rising asset class.
In September, Polymarket hit an all-time excessive for the variety of lively markets on its platform, a part of a broader development of rising volumes and competitors from regulated US rival Kalshi.
The brand new disclosures underscore Polymarket’s speedy ascent from a distinct segment DeFi experiment to one of the vital beneficial startups within the crypto sector, because it positions itself for mainstream adoption and potential US market re-entry.
Polymarket Reopens in US After CFTC Greenlight
Polymarket is getting ready to relaunch in america after practically 4 years of restrictions imposed by the Commodity Futures Buying and selling Fee (CFTC).
The platform’s filings counsel buying and selling may resume following its acquisition of QCX LLC for $112 million in July, a transfer that granted it a Designated Contract Market license to function legally within the U.S.
The return marks a pivotal milestone for the $2.6 billion agency, which has spent the previous yr laying the groundwork for home growth by means of main board additions and vital institutional funding.
CEO Shayne Coplan confirmed that the CFTC’s current no-action letter gave the corporate the “inexperienced mild” to go dwell, commending the regulator for its swift assessment course of.
Polymarket’s US comeback follows a 2022 settlement with the CFTC that compelled it to dam American customers and pay a $1.4 million advantageous for operating an unregistered platform.
Regardless of the ban, Polymarket thrived internationally, dealing with over $6 billion in trades within the first half of 2025 and gaining consideration for accurately forecasting Donald Trump’s 2024 election win.
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