Polymarket eyes $20 billion valuation in potential $1 billion funding round

Polymarket is reportedly in early discussions to raise approximately $1 billion in new capital, which could value the prediction market platform at more than $20 billion. This potential valuation represents significant growth, as the company reportedly reached a $9 billion valuation in October 2025 and a $15 billion valuation in April 2026.

The platform's expansion reflects a shift in investor perception, moving from a niche crypto-based speculation tool to a broader market covering sports, economics, politics, technology, and entertainment.

In the United States, the platform is also engaging users through promotional offers. For the NFL preseason, new users can utilize a referral code to receive a $20 bonus after depositing at least $10, allowing them to participate in various markets including sports, finance, and artificial intelligence.