The reported fundraising target would mark an increase from the prediction market platform's roughly $15 billion Series E valuation around March.
Polymarket is seeking to raise $1 billion at a $20 billion valuation, Bloomberg reported, in a move that would lift the prediction market platform's valuation from about $15 billion in its Series E funding round around March. The reported step suggests investors continue to show interest in prediction markets, which let users trade on the outcomes of future events.