By The Weekly Edge desk ·
Polymarket is raising a new $1bn funding round, reported by Legal Sports Report on 1 September 2026. The report puts the valuation at $21bn.
The proposed round would provide Polymarket with $1bn in additional capital.
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Polymarket’s funding adds US$1bn in capital and raises its valuation from US$15bn to US$21bn.
JPMorgan’s estimate gives investors potential additional EBITDA from Genius Sports’ agreements with Kalshi and Polymarket.
Kalshi and Polymarket face a requested Senate examination of whether presidential family connections enabled financial gain or privileged access.
The appeal concerns whether Polymarket’s prediction markets fall under Dutch gambling rules.
The challenge contests the KSA’s classification of prediction markets as gambling and its ban on Polymarket serving Dutch users.
The expansion gives Polymarket access to data, live streaming and integrity services across a broader range of sports competitions.