[DigitalToday reporter Chi-gyu Hwang (황치규)] Polymarket has opened a prediction market related to private companies with Nasdaq Private Market.
According to a recent Cointelegraph report, users can trade on fundraising by pre-IPO companies, valuation changes and other key milestones.
The product operates based on Nasdaq Private Market data and market infrastructure that support secondary trading of private company shares. Polymarket expanded the scope of its prediction markets, previously focused on politics, macroeconomics and listed companies, into private capital markets.
The new market is designed to reflect market expectations for fundraising rounds by startups and late-stage private companies, valuation swings and other corporate issues. Polymarket aims to expand price discovery in private markets where valuation information is limited and opaque.
The company explained that as the number of private unicorn startups with valuations of $1 billion or more grows, demand has also increased for market-based prediction tools linked to private companies.
Chi-gyu Hwang
delight@d-today.co.kr