Polymarket Seeks $1 Billion Funding at $20 Billion Valuation Amid Rapid Growth

TLDR: Polymarket is in talks to raise $1 billion at a valuation exceeding $20 billion currently. The company’s valuation would more than double its $9 billion figure from October 2025. Annualized revenue surpassed $1.2 billion after Polymarket’s U.S. exchange launch in May. Rival Kalshi holds a $22 billion valuation and is reportedly targeting $40 billion [...]

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