Polymarket Targets $12B Valuation Amid IPO Speculation

[AIcash]

Polymarket is reportedly seeking new capital at a $12B valuation, a 20% jump from its previous round. The timing has sparked talk that the fast-growing prediction market platform could follow Kraken’s recent path toward a US IPO.

Kraken raised $800M at a $20B valuation before confidentially filing its S-1 with the SEC on Nov. 19 — a playbook similar to Circle’s pre-IPO raise earlier this year. With Polymarket scaling rapidly and attracting major institutional backing, investors are watching closely for signs of a public listing.