Polymarket Reveals $205M in Undisclosed Funding Over Past Two Years

Core Insights - Polymarket has raised a total of $205 million across two funding rounds, with a valuation of $1.2 billion in 2025 and $350 million in 2024 [3][9] - Intercontinental Exchange (ICE) plans to invest up to $2 billion in Polymarket, valuing the platform at $9 billion post-money [4][9] - The partnership with ICE aims to enhance Polymarket's global distribution and explore tokenization initiatives [5][6] Funding Rounds - The first funding round in 2024 raised $55 million led by Blockchain Capital, while the second round in 2025 raised $150 million led by Founders Fund [3] - Major backers in the 2025 round include Ribbit, Valor, Point72 Ventures, and Coinbase, among others [3] Market Position and Growth - Polymarket has emerged as a leading crypto-native prediction market since its founding in 2020, allowing users to trade on various real-world events [5][9] - The platform recently achieved an all-time high for active markets, indicating rising volumes and competition, particularly from regulated rivals like Kalshi [7] Regulatory Developments - Polymarket is preparing to relaunch in the United States after receiving approval from the Commodity Futures Trading Commission (CFTC) [8]