Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
According to CEO Shayne Coplan, the crypto prediction market Polymarket has discreetly secured $205 million through two previously unannounced funding rounds.
Key Takeaways:
- Polymarket generated $205 million in two undisclosed rounds between 2024 and 2025, giving the company a valuation of $1.2 billion.
- Intercontinental Exchange (ICE), the parent company of the NYSE, intends to invest as much as $2 billion in Polymarket.
- This funding and partnership solidify Polymarket’s transformation from a DeFi startup to a prominent prediction market.
The funding rounds comprised $55 million in 2024 led by Blockchain Capital at a valuation of $350 million, and $150 million in 2025 led by Founders Fund at a valuation of $1.2 billion, bringing the total funding prior to its recent deal with ICE to nearly $279 million.
Coplan mentioned that the 2025 round featured a lineup of notable investors, including Ribbit, Valor, Point72 Ventures, SV Angel, 1789, 1confirmation, Coinbase, and Dragonfly, along with several prominent angel investors.
ICE to Invest $2B in Polymarket, Valuing Prediction Platform at $9B
This announcement comes shortly after Intercontinental Exchange (ICE), the parent organization of the New York Stock Exchange, revealed its intention to invest up to $2 billion in Polymarket at a post-money valuation of $9 billion.
ICE’s filing indicated that the platform was already valued at approximately $8 billion prior to the investment.
Founded in 2020, Polymarket has emerged as a leading crypto-native prediction market, enabling users to trade on real-world events ranging from elections and sports to macroeconomic trends.
The partnership with ICE will see the exchange group disseminate Polymarket’s event-based data worldwide and collaborate on tokenization efforts aimed at connecting prediction markets with traditional finance.
“Shayne Coplan has established a product-centric company focused on user engagement and distribution,” stated Jeffrey C. Sprecher, chairman and CEO of ICE.
“Together, ICE and Polymarket can explore new opportunities in event-driven markets.”
Related Posts
I would also like to mention the prior two rounds that were never disclosed.
Earlier this year, Founders Fund led a $150 million round into Polymarket, valuing us at $1.2 billion. This round also included Ribbit, Valor, Point72 Ventures, SV Angel, 1789, 1confirmation, Blockchain Capital, Coinbase,…— Shayne Coplan
(@shayne_coplan) October 7, 2025
The announcement follows a surge of institutional and retail interest in prediction markets, as investors delve into event-based trading as a newly emerging asset class.
In September, Polymarket achieved an all-time high for the number of active markets on its platform, part of a larger trend of increasing volumes and competition from regulated US competitor Kalshi.
The new revelations emphasize Polymarket’s rapid rise from a niche DeFi experiment to one of the most valuable startups in the crypto industry, as it positions itself for mainstream acceptance and potential re-entry into the US market.
Polymarket Reopens in US After CFTC Greenlight
Polymarket is gearing up to relaunch in the United States after nearly four years of restrictions enforced by the Commodity Futures Trading Commission (CFTC).
The platform’s filings suggest that trading could resume following its acquisition of QCX LLC for $112 million in July, a move that provided it with a Designated Contract Market license to operate legally in the U.S.
This return signifies a crucial milestone for the $2.6 billion firm, which has spent the past year laying the groundwork for domestic growth through significant board additions and considerable institutional funding.
CEO Shayne Coplan confirmed that the recent no-action letter from the CFTC granted the company the “green light” to launch, praising the regulator for its prompt review process.
Polymarket’s US comeback follows a 2022 settlement with the CFTC that required it to block American users and pay a $1.4 million fine for operating an unregistered platform.
Despite the ban, Polymarket flourished internationally, facilitating over $6 billion in trades in the first half of 2025 and gaining recognition for accurately predicting Donald Trump’s 2024 election victory.
The post Polymarket Reveals $205M in Undisclosed Funding Over Past Two Years appeared first on Cryptonews.
