Polymarket raising at $21B valuation, more than double ICE's 2025 mark
- —Valuation of $21B versus $9B in ICE's 2025 investment
- —Round led by 1789 Capital, with Founders Fund joining
- —ICE and Founders Fund demanded a CFO; Coplan hired one in September
- —Rival Kalshi is raising at twice Polymarket's valuation
Why it matters: The markup shows venture appetite for prediction markets despite a CFTC probe and Polymarket's loss of the volume lead to Kalshi.
Source: Bloomingbit