CoinDesk·3 min read·medium
Polymarket targets $20 billion valuation as competition heats up in prediction market sector
H
Helene Braun
✦AI Summary
Polymarket is seeking a valuation of $20 billion as competition in the prediction market sector intensifies. The platform, which uses blockchain technology, faces pressure from rivals like Kalshi and increased interest from major financial institutions.
According to the person, the company closed a funding round at a $15 billion valuation in April which included a $600 million investment from the Intercontinental Exchange, the owner of the New York Stock Exchange.
businesscryptotechnology
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