00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Polymarket is exploring a $400 million capital raise at a reported $15 billion valuation,
00:09according to a report published Sunday citing sources familiar with the matter.
00:14Polymarket has not responded to Benzinga's request for comment at the time of publication.
00:18The report follows a $600 million investment from Intercontinental Exchange,
00:23which resulted in a roughly $1.6 billion stake.
00:27Polymarket's valuation trails rival Calci,
00:30which raised more than $1 billion last month at a $22 billion valuation.
00:34Bernstein Analyst's project prediction market volumes will reach about $240 billion in 2026
00:40and $1 trillion by 2030.
00:43Data shows Polymarket and Calci accounted for more than 80% of industry activity,
00:48each exceeding $10 billion in monthly notional volume last month.
00:53For all things money, visit Benzinga.com.
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