Blockchain prediction markets platform Polymarket has acquired crypto infrastructure startup Brahma. The deal, announced Wednesday, will see Brahma’s team integrated to evolve Polymarket’s product suite, while Brahma’s existing products will be wound down. The acquisition aims to reduce user friction and boost liquidity on Polymarket, which has grown to a reported $20 billion valuation.
Polymarket is acquiring Brahma, a decentralized finance infrastructure startup. “As part of this transition, our team will dedicate itself to evolving Polymarket’s stack and product suite,” Brahma stated in an announcement.
Founded in 2021, Brahma has processed over $1 billion in volume. The firm’s technology may be used to reduce friction around wallet creation, deposits, and token redemptions on Polymarket.
The acquisition could also bring more liquidity to niche, low-volume prediction markets. “Building reliable infrastructure across blockchain networks and traditional financial rails is hard—there are no shortcuts,” Polymarket founder Shayne Coplan told Fortune.
He added that the Brahma team has shown it can design, operate and scale complex products. Financial details of the acquisition were not disclosed.
Brahma will wind down its three main products over the next 30 days. These include Strategy Vaults, Brahma Accounts, and the Swype.fun Visa card linked to DeFi positions.
Polymarket has continued an acquisition spree despite a broader crypto market decline. The company acquired developer tools startup Dome and recruiting firm Lunch in February.
It also announced a partnership with Palantir Technologies and TWG AI on March 10. The partnership aims to develop an AI-powered sports integrity platform.
However, the platform has faced regulatory resistance globally. This includes recent pushback in Argentina over its unregulated gambling markets and war bets.
