According to the source, Bloomberg reports that Polymarket is in talks to raise funding at a $12 billion to $15 billion valuation, up from about $1 billion roughly four months ago (source: Bloomberg). For traders, note that Polymarket is a crypto prediction market platform, which contextualizes the sector focus of the reported valuation (source: Polymarket). Polymarket does not have a native token, so there is no direct ticker to trade on this headline as of now (source: Polymarket). The funding remains under discussion and unfinalized at the time of the report (source: Bloomberg).

According to Eric Cryptoman, a direct competitor to Polymarket has been operating successfully for years, consistently paying out users and maintaining a market cap under $4 million. This platform’s proven track record and established functionality indicate significant potential for growth and increased trading volume if it gains more attention, suggesting a possible undervalued opportunity for investors in the prediction market sector. This development could shift liquidity and user interest within the crypto prediction market landscape, potentially impacting related token prices and overall market dynamics (source: Eric Cryptoman on Twitter).