Prediction market platform Polymarket is in fundraising talks at a $15 billion post-money valuation, up 67% from October 2025's $9 billion valuation. The round trails competitor Kalshi's $22 billion valuation from March 2026.
Polymarket is seeking $400 million in new funding, according to sources cited by The Information. The valuation increase from $9 billion to $15 billion reflects growing investor interest in prediction markets amid regulatory shifts.
The funding round positions Polymarket as a major player in the sector, though below Kalshi's recent $22 billion valuation. Both platforms operate in the prediction market space, which has gained traction following changes in regulatory enforcement.
Polymarket operates on Polygon, a layer-2 Ethereum network, enabling users to trade contracts based on future outcomes across politics, sports, and other categories. The platform has processed billions in trading volume.
The funding reflects broader venture capital appetite for crypto-native platforms operating in traditionally regulated spaces. Kalshi, which obtained regulatory approval from the CFTC, commands a higher valuation despite operating with different market conditions.
Details on the funding round's timeline and lead investors remain unclear.
SolarSquare is in talks to raise up to $60 million in funding, with a potential valuation of $500 million. The financing round reflects growing venture capital interest in India's rooftop solar market.
College social app Fizz has expanded its lawsuit against competitor Sidechat, alleging that a Maveron venture capitalist shared confidential information obtained during a 2022 fundraising pitch with the rival startup.
Phia, a shopping app co-founded by Phoebe Gates, is allegedly using cookie stuffing—a fraudulent technique involving fake clicks—to claim unearned affiliate commissions. The startup has raised $43.5 million to date.
Toni Schneider has been promoted from interim to permanent CEO of Bluesky, four months after taking the role in March. Schneider, formerly CEO of Automattic, commits to leading the decentralized social platform.