HISTORICAL P100 / #46

Polymarket

Prediction Markets · United States

Historical ranking valuation$9.00BSource snapshot: Jun 19, 2026

Disclosed primary funding in this record

$1.7B

Sum of non-overlapping disclosed USD amounts in confirmed primary financing entries in this record, including separately labeled equity components; not verified lifetime funding. Excludes amounts already included in a later round, announced, reported, database-only, debt, secondary and unclassified events.

4 confirmed primary rounds with disclosed USD amounts · Record through 2026-09-24

THE BUSINESS

Get to know Polymarket.

Polymarket operates a prediction-market platform where users take positions on outcomes of future events. Its documentation describes markets across topics including politics, sports and other news-driven questions.

Polymarket platform FAQ ↗Source checked Sep 24, 2026

Valuation history

Valuations reported at the time of each round.

Aug 31, 2026$21B proposed post-moneyProposed late-stage financing · ReportedSource ↗

Apr 20, 2026$15B proposedReported additional fundraising talks · ReportedSource ↗

Oct 2025Approximately $8B pre-investment under original arrangementICE initial direct investment · ConfirmedSource ↗

2025$1.2B reportedFounder-disclosed 2025 round (series not verified) · ReportedSource ↗

2024$350M reportedFounder-disclosed 2024 round (series not verified) · ReportedSource ↗

Funding history

Funding rounds, debt and other financing events.

9sourced events · record as of 2026-09-24

August 2026 $1B/1789 financing was reported as planned, not closed. ICE agreed to invest up to $2B; its later statement confirms $1B in October 2025 and $600M more in March 2026. A possible $40M existing-holder purchase is not issuer capital. Polymarket disclosed $25M Series A and $45M Series B together in May 2024, not as new May cash. Founder-disclosed 2024 $55M and 2025 $150M rounds lack original close dates; alternative database rows remain unverified.

Aug 31, 2026LATEST SOURCED

rumor

Proposed late-stage financing

1789 Capital (lead)

Bloomberg said Polymarket will raise $1B and 1789 Capital was set to contribute about $300M; neither a completed round nor funded proceeds were established.

Amount$1B proposedValuation$21B proposed post-money

Apr 20, 202608

rumor

Reported additional fundraising talks

Investors undisclosed

Talks to add $400M to a round anchored by ICE's already completed $600M; no additional close is established. Do not add this target to raised capital.

Amount$400M sought beyond ICE investmentValuation$15B proposed

Mar 27, 202607

primary

ICE additional direct investment

Intercontinental Exchange (lead)

ICE says this $600M direct cash investment was completed and part of Polymarket's fundraising. Its prospective up-to-$40M purchases from existing holders are separate secondary liquidity, not company capital.

Amount$600MValuationUndisclosed

Oct 202506

primary

ICE initial direct investment

Intercontinental Exchange (lead)

ICE's October 7, 2025 announcement described an up-to-$2B agreement, not $2B already funded. Its later statement identifies a $1B initial direct investment made in October; exact funding day is not disclosed.

Amount$1BValuationApproximately $8B pre-investment under original arrangement

202505

primary

Founder-disclosed 2025 round (series not verified)

Founders Fund (lead)

CEO retrospectively described this round in October 2025; original closing date and formal series label are not established by the inspected account.

Amount$150MValuation$1.2B reported

May 14, 202404

primary

Series B

Founders Fund (lead) · 1confirmation · ParaFi · Vitalik Buterin · Dragonfly · Kevin Hartz

May 14 is the disclosure date for an earlier unannounced round, not a proven funding-close date. The issuer says this $45M was part of $70M across Series A and B.

Amount$45MValuationUndisclosed

May 14, 202403

primary

Series A

General Catalyst (lead) · Joe Gebbia · Polychain

May 14 is the disclosure date for an earlier unannounced round, not a proven funding-close date. Series A and B totaled $70M together, not $70M apiece.

Amount$25MValuationUndisclosed

202402

primary

Founder-disclosed 2024 round (series not verified)

Blockchain Capital (lead)

CEO retrospectively described a separate 2024 financing, but the exact original closing date and formal series label are not established.

Amount$55MValuation$350M reported

Oct 19, 202001

primary

Seed

Polychain Capital (lead) · Naval Ravikant

Contemporaneous report described a $4M investment round; the exact funding close date was not established.

Amount$4MValuationUndisclosed

Unverified database leads (1)

These database claims have not been independently verified and are excluded from the sourced-event count.

Jul 18, 2025UNVERIFIED

primary

Growth Equity

Investor participation not independently verified

The source's $135.4M row has not been reconciled to the founder-disclosed $150M 2025 round; it is not independently counted as additional issuer funding.

Amount$135.4MValuationUndisclosed

Financing participants

Investors, lenders and other parties named in funding announcements.

1789 Capital

Proposed late-stage financing · Aug 31, 2026 · Lead participant · rumor · Reported · Reported source ↗

Intercontinental Exchange

ICE additional direct investment · Mar 27, 2026 · Lead participant · primary · Confirmed · Confirmed source ↗

ICE initial direct investment · Oct 2025 · Lead participant · primary · Confirmed · Confirmed source ↗

Founders Fund

Founder-disclosed 2025 round (series not verified) · 2025 · Lead participant · primary · Reported · Reported source ↗

Series B · May 14, 2024 · Lead participant · primary · Confirmed · Confirmed source ↗