Prediction markets platform Polymarket on Wednesday announced the acquisition of Brahma, a financial infrastructure company that created real-time execution and settlement systems for high-volume digital asset and fintech transactions.
“[Brahma has] to quickly become an industry leader in building and developing programmable systems across blockchain, trade execution and payments systems,” Polymarket said in an emailed press release.
“Building trusted infrastructure across blockchain networks and traditional financial avenues is difficult; there are no shortcuts,” said Shayne Coplan, CEO and founder of Polymarket.
“The Brahma team has proven that they can design, operate and scale complex products for sophisticated users,” he added. “As Polymarket grows, we intentionally add teams that have already solved difficult problems and can execute at a very high level.”
A Polymarket spokesperson told CoinDesk that the terms of the deal will not be disclosed.
Brahma also issued a statement on Wednesday saying that Polymarket acquired its DeFi infrastructure to bring its team and technology to the prediction market company as it looks to scale its infrastructure stack.
“With this acquisition, our team and technology lives on to help scale Polymarket and its ecosystem,” the Brahma team said in a post on X. “Our mission to build on the core of cryptocurrencies continues.”
The acquisition brings Brahma’s team and technology to Polymarket, where they will focus on expanding the platform’s infrastructure and product set. It also seems aimed at improving
Earlier this month, reports emerged that Polymarket was discussing potential fundraising rounds that could double the 2025 valuation to around $20 billion. Discussions are still early and may not lead to definitive investments.
Prediction markets allow users to trade contracts tied to real-world events, including sports, politics, and elections. Traders buy and sell contracts based on expected results. The sector has grown significantly, with companies like Coinbase and Robinhood entering the space.
Brahma said it has processed more than $1 billion in transaction volume and more than $100 million in total value locked. The company also said that all of its products, including Brahma Accounts, Agents and Swype.fun, will be phased out within 30 days. Users have been instructed to migrate funds and positions through their website and community channels.
