Polymarket reportedly eyes $21B valuation as investors push for a COO

ICE and Founders Fund want CEO Shayne Coplan to add an operations chief as the prediction market negotiates a round that could double its valuation Polymarket is reportedly in advanced talks to raise about $1 billion at a valuation of approximately $21 billion post-money. That would more than double the roughly $9 billion price tag it carried after Intercontinental Exchange (ICE) invested in 2025. The money comes with some pointed advice attached. ICE and Founders Fund have both urged CEO Shayne Coplan to hire a chief operating officer. As of mid-October 2026, nobody holds that job. The new round is expected to be led by 1789 Capital. The firm already has skin in the game: it previously put roughly $200 million into the blockchain-based prediction market.

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