2025-09-12T17:19:53Z<\/p>\n
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Facebook Email X<\/p>\n LinkedIn<\/p>\n Reddit<\/p>\n Bluesky<\/p>\n WhatsApp<\/p>\n Copy link<\/p>\n lighning bolt icon Impact Link<\/p>\n Save <\/p>\n Read in app<\/p>\n <\/a> <\/p>\n This story is available exclusively to Business Insider Polymarket is a betting platform for real-world events that accurately predicted Trump’s 2024 win. Polymarket, a popular betting platform<\/a> for real-world events, is raising new funding that would sharply increase the startup’s valuation, according to two people with knowledge of the matter not authorized to speak publicly.<\/p>\n Investor demand has intensified as Polymarket appears to be readying for a US launch. The valuation has been fluctuating, though it will likely at least triple the $1 billion it reached in a round that closed only this summer, the people said.<\/p>\n At least one investor offered a term sheet valuing the company at as much as $10 billion, one of the people said.<\/p>\n A spokesperson for Polymarket declined to comment.<\/p>\n Polymarket was founded in 2020 by Shayne Coplan and gained prominence during the 2024 US presidential election, when it accurately predicted a win for Donald Trump<\/a> while most traditional polls showed him losing. It also allows traders to bet on sports outcomes and pop culture events, like the engagement of Travis Kelce and Taylor Swift.<\/a><\/p>\n The prediction market has even spawned other apps<\/a> tracking volatility on the site.<\/p>\n But for all its popularity, Polymarket has not been allowed to operate in the US.<\/p>\n
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\n The company is raising another funding round that is set to at least triple its valuation, according to sources.
\n A spokesperson for Polymarket declined to comment.<\/p>\n