Prediction market platform Polymarket has disclosed two major funding rounds, worth around $205 million, that had not been publicly revealed before over the last two years.
On X, CEO Shayne Coplan shared details of two funding rounds. Earlier this year, the company raised $150 million, led by Founders Fund at a $1.2 billion valuation.
Also, I’d like to share the prior two rounds which were never announced.
— Shayne Coplan 🦅 (@shayne_coplan) October 7, 2025
Earlier this year, Founders Fund led a $150m round into Polymarket, valuing us at $1.2b. Also in this round was Ribbit, Valor, Point72 Ventures, SV Angel, 1789, 1confirmation, Blockchain Capital, Coinbase,…
The round also attracted a mix of well‑known venture firms, including Ribbit Capital, Valor, Point72 Ventures, and Coinbase, along with prominent angel investors such as Naval Ravikant, Travis Kalanick, Rick Rubin, and Ron Conway, among others.
The previous year, just before the 2024 U.S. elections, Polymarket raised $55 million, led by Blockchain Capital at a $350 million valuation. That round also included major backers like Founders Fund, 1789, 1confirmation, Abstract, Coinbase, Dragonfly, ParaFi, and SV Angel, alongside high‑profile angels such as Anthony Kiedis, Dylan Field, Mark Pincus, and others.
Together with earlier rounds, Polymarket’s total funding now stands at roughly $279 million before its recent partnership with Intercontinental Exchange (ICE).
The disclosure follows ICE’s announcement that it will invest up to $2 billion in Polymarket, giving the company a $9 billion post‑money valuation. ICE, which owns the New York Stock Exchange (NYSE), said the partnership will make it a global distributor of Polymarket’s event‑based data and explore ways to bring tokenization into traditional markets.
A new chapter for Polymarket
Polymarket reached a new milestone, recording its highest‑ever monthly total of new markets. According to data from Block, over 33,320 markets were created in October, more than doubling August’s previous record of 13,800.
The surge comes as the platform prepares for its return to the U.S., following a no‑action letter from the Commodity Futures Trading Commission (CFTC) that clarified rules around event contracts.
Last month, Polymarket also signaled plans for a native token launch through an updated U.S. Securities and Exchange Commission (SEC) filing. Its parent company, Blockratize Inc., added a new category, “Option, Warrant or Other Right to Acquire Another Security,” to its Form D. The new addition suggests Polymarket may be preparing to issue its own token.