Polymarket buys DeFi startup Brahma in latest acquisition wave

“Building reliable infrastructure across blockchain networks and traditional financial rails is hard,” said Polymarket CEO Shayne Coplan.

Blockchain prediction markets platform Polymarket is acquiring Brahma, a crypto startup that provides decentralized finance (DeFi) infrastructure.

“As part of this transition, our team will dedicate itself to evolving Polymarket’s stack and product suite,” Brahma stated in an announcement on Wednesday.

Brahma, founded in 2021, says it has processed over $1 billion in volume and may be used by Polymarket to reduce friction around wallet creation, deposits, and token redemptions.

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