Summary
- The world’s largest prediction-market platform, Polymarket, said it will acquire DeFi infrastructure startup Brahma.
- The deal could boost liquidity for Polymarket’s smaller betting contracts, and Brahma’s DeFi experience may help attract additional capital to contracts with lower trading volumes.
- Brahma said it plans to halt projects with existing partners following the acquisition.
Forecast Trend Report by Period
Polymarket, the world’s largest prediction-market platform, is set to acquire DeFi infrastructure startup Brahma.
According to Fortune on the 18th (local time), Polymarket announced the acquisition of Brahma that day. Specific terms of the deal were not disclosed.
Polymarket CEO Shayne Coplan told Fortune, “Building reliable infrastructure across blockchain networks and the traditional financial system is difficult,” adding, “Brahma has demonstrated the capability to design, operate and scale complex products.”
The acquisition is expected to expand Polymarket’s liquidity. Fortune reported, “(With this acquisition) liquidity for Polymarket’s smaller betting contracts could increase,” adding that “Brahma’s experience in DeFi will help attract additional capital to contracts with lower trading volumes.”
Meanwhile, Brahma plans to halt projects with existing partners following the acquisition.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
