Prediction market Polymarket is seeking funding at a valuation of $12 billion to $15 billion, marking a significant surge from four months ago. This follows a $200 million round in June and an investment of up to $2 billion from ICE. Polymarket’s rival, Kalshi, is also in talks for funding valued at over $10 billion.

Polymarket partners with DraftKings and the NHL, expanding its partnerships. CEO Shayne Coplan announced that DraftKings will use Polymarket as a clearinghouse. The NHL has signed multiyear agreements with both Polymarket and Kalshi. Additionally, World App is integrating Polymarket into its prediction markets.

Global interest in prediction markets has surged, with weekly trading volumes exceeding $2 billion for the first time in mid-October. Polymarket saw over $1 billion in trading volume, capturing 52.3% of the market activity, while Kalshi accounted for around $950 million, or 47% of the total volume.

Read more at Cointelegraph: Polymarket Valuation Could Soar to $15B in New Funding Talks