Polymarket Eyes $400M Raise at $15B Valuation Amid Surging Prediction Market Demand: Report

Prediction markets platform Polymarket is in discussions with investors to raise $400 million in fresh funding, which could place its valuation at around $15 billion, according to a report by The Information. The move comes shortly after competitor Kalshi completed a $1 billion funding round that put the company at about $22 billion. The new financing round is expected to bring the total capital raised to around $1 b…