The platform introduces trading on private firm milestones, leveraging $5 trillion in unicorn valuations for price discovery.
Polymarket has rolled out prediction markets tied to private companies in partnership with Nasdaq Private Market. The new offering allows users to trade on outcomes like valuations, IPO timings, and secondary market activity, reflecting perceived probabilities of future events.
The move taps into growing investor interest in private markets, where startups now stay private longer and reach valuations rivaling S&P 500 companies. Nearly 1,600 unicorns globally account for over $5 trillion in cumulative value, according to Polymarket. Nasdaq Private Market will provide resolution data for these markets.
Prediction markets have gained traction as traders bet on events from elections to cryptocurrencies. The new tool also serves institutional investors seeking additional price discovery mechanisms.