Share 
Bonus TL;DR
- Polymarket raised $1 billion in a 1789 Capital-led round, lifting its valuation 40% to $21 billion.
- Despite its soaring $21 billion valuation, Polymarket remains unprofitable and cash-flow-negative.
Polymarket said it has raised $1 billion in a new funding round led by 1789 Capital, valuing the prediction market platform at $21 billion.
The financing is a major capital event for one of the highest-profile names in prediction markets, a sector that has drawn more attention from gambling, trading, and regulatory audiences in the U.S. The reported valuation also marks a sharp step up from $15 billion just a few months earlier.
Valuation jumps 40% from prior mark
According to the source report, Polymarket’s new $21 billion valuation represents roughly a 40% increase from its earlier $15 billion valuation. The same report describes 1789 Capital as a firm associated with Donald Trump.
The source also characterizes Polymarket as a leading prediction market platform and says the company remains unprofitable and cash-flow-negative despite the higher valuation. It cites several financial metrics, including a 45/100 GF Score and a 3/10 financial strength rating.
Other figures cited in the report include a 7/10 profitability rating, 4/10 growth rating, 1/10 valuation rating, and an 84.72x price-to-earnings ratio. The source further says Polymarket’s current price-to-sales multiple is well above its historical median of about 2.0x.
Why the raise matters for prediction markets
The funding stands out because Polymarket and rival Kalshi are among the best-known names in the prediction market space, where interest has grown alongside broader debates over whether these products look more like financial exchanges, event contracts, or gambling-adjacent offerings.
The source says support from the Trump administration, particularly from the Commodity Futures Trading Commission, has helped legitimize the sector. That makes Polymarket’s capital raise notable beyond the company itself, because it signals continued investor appetite for the category as competition with Kalshi continues.
What remains unclear from the source is whether the $1 billion round has already closed or is still pending. The report also does not name any additional investors beyond 1789 Capital or specify whether Polymarket’s current operations are licensed or available in the U.S.
For now, the clearest takeaway is that investors have assigned one of the prediction market industry’s biggest brands a significantly higher price tag in a short period of time.
Source: As reported by news.google.com.
