Prediction market platform Polymarket announced on Wednesday the acquisition of Brahma, a financial infrastructure company that built real-time execution and settlement systems for high-volume digital asset and fintech transactions.
“[Brahma has] has quickly become an industry leader in building and developing programmable systems across blockchain, trade execution and payments,” Polymarket said in an emailed press release.
“Building reliable infrastructure across blockchain networks and traditional financial rails is difficult – there are no shortcuts,” said Shayne Coplan, Polymarket CEO and founder.
“The Brahma team has demonstrated that they can design, operate and scale complex products for sophisticated users,” he added. “As Polymarket grows, we deliberately add teams that have already solved difficult problems and can execute at a very high level.”
A spokesperson for Polymarket told CoinDesk that the terms of the deal are not being disclosed.
Brahma also released a statement on Wednesday saying Polymarket bought its DeFi infrastructure to bring its team and technology into the prediction market firm as it looks to scale its infrastructure suite.
“With this acquisition, our team and our technology lives on to help scale Polymarket and its ecosystem,” the Brahma team said in a post on X. “Our mission to build the core of crypto continues.”
The acquisition brings Brahma’s team and technology into Polymarket, where they will focus on expanding the platform’s infrastructure and product suite. It also seems to aim to improve
Earlier this month, reports emerged that Polymarket was discussing potential fundraising rounds that could double its 2025 valuation to around $20 billion. Discussions remain early and may not lead to finalized investments.
Prediction markets allow users to trade contracts linked to real-world events, including sports, politics and elections. Traders buy and sell contracts based on expected results. The sector has grown significantly and companies including Coinbase and Robinhood have entered the space.
Brahma said it has processed more than $1 billion in transaction volume and over $100 million in total value locked. The company also said that all 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 via their website and community channels.
