By The Weekly Edge desk ·
Polymarket is seeking new funding at a $20bn valuation, according to Bloomberg reporting cited by Casino.org News. The report follows an earlier reported $1bn round valuing the exchange at $15bn.
The reported fundraising target would increase Polymarket’s valuation from the earlier round.
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JPMorgan’s estimate gives investors potential additional EBITDA from Genius Sports’ agreements with Kalshi and Polymarket.
The agreements add two prediction-market partners for Genius Sports.
The agreements connect Genius Sports with two prediction market platforms.
Genius links its Legend acquisition to customer-acquisition and data opportunities in prediction markets.
The agreements establish Genius Sports relationships with both prediction-market operators.
The agreements extend Genius Sports’ data services into both prediction market exchanges.