$12 Billion Valuation and an ICE Deal—Is Polymarket About to Go Public?

Polymarket is seeking new capital at a $12 billion valuation, according to Bloomberg. This marks a 20% increase from its previous $10 billion round and has sparked speculation that the prediction market platform could follow Kraken’s path toward a US IPO. The timing aligns with Kraken’s recent moves. The exchange closed an $800 million raise before confidentially filing for an IPO on November 19 source: https://beincrypto.com/polymarket-12b-ipo-kraken-ufc/