Polymarket is expanding into private markets through a data agreement with Nasdaq Private Market, launching prediction markets tied to company valuations, IPO timing, and secondary market activity.
The new markets may cover private company valuation milestones, IPO timing, and secondary market activity. Nasdaq Private Market will serve as the resolution data provider, anchoring the markets to data from primary and secondary private market transactions.
The launch comes as private companies stay private for longer, pushing more value creation outside public markets. Polymarket said nearly 1,600 unicorns globally now represent more than $5 trillion in cumulative value, while WIPO data showed global unicorn valuations reached about $5.2 trillion in 2025.
The Financial Times reported that the first markets include private companies such as SpaceX, OpenAI, Anthropic, and Anduril. One example cited in the report allows traders to price whether OpenAI will surpass a $1 trillion valuation by the end of 2026.
Polymarket CEO Shayne Coplan said the product brings prediction market infrastructure to a segment that retail participants have historically been unable to access. Tom Callahan, CEO of Nasdaq Private Market, said high-integrity data is critical when broader audiences engage with private market outcomes.
The offering also gives institutional investors another price discovery signal for private companies, complementing Nasdaq Private Market’s transaction-based pricing data. Polymarket said market activity could create a real-time signal around private company performance for investors tracking the sector.
The move adds to Polymarket’s broader push into financial markets after a surge in prediction market activity. Reuters reported last month that Polymarket was in talks to raise $400 million at a valuation of about $15 billion, following a $600 million investment from Intercontinental Exchange, the parent company of the New York Stock Exchange.
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