Polymarket seeks to raise additional $400M at $15B valuation

Prediction market platform Polymarket is seeking to raise an additional $400 million at a target valuation of $15 billion, The Information reported. The company's valuation is believed to have surged several-fold in recent months amid a spike in demand for predictions related to real-world assets (RWA) and political events. This new fundraising effort is in addition to a $600 million investment round last month that included participation from Intercontinental Exchange, the parent company of the New York Stock Exchange (NYSE).