Polymarket is planning to seek funding at a valuation of $12 to $15 billion.

BlockBeats News, October 23, according to Bloomberg, citing people familiar with the matter, prediction market platform Polymarket is in early talks with investors, planning to raise funds at a valuation of $12 billion to $15 billion, more than ten times its valuation four months ago.

Polymarket's valuation has grown rapidly. In June of this year, Peter Thiel's Founders Fund led a $200 million funding round for the startup, valuing it at $1 billion at the time. Earlier this month, Intercontinental Exchange Inc., the parent company of the New York Stock Exchange, said it would invest up to $2 billion in Polymarket, valuing it at around $8 billion (excluding funds already raised). This transaction has made Polymarket CEO Shayne Coplan the youngest self-made billionaire.