Blockchain prediction platform Polymarket is acquiring Brahma, a crypto startup focused on decentralized finance (DeFi) infrastructure, as part of its latest expansion move.
In a statement on Wednesday, Brahma said its team will now focus on enhancing Polymarket’s technology stack and product offerings.
Founded in 2021, Brahma reports processing more than $1 billion in volume. Its infrastructure could help Polymarket streamline key user processes such as wallet creation, deposits, and token redemptions.
The deal may also improve liquidity across smaller, less active prediction markets on the platform.
“Building reliable infrastructure across blockchain networks and traditional financial rails is challenging—there are no shortcuts,” said Polymarket founder and CEO Shayne Coplan in a statement to Fortune. He added that Brahma’s team has demonstrated strong capabilities in designing and scaling complex products for advanced users.
Financial terms of the acquisition were not disclosed.
As part of the transition, Brahma will wind down its existing products over the next 30 days. These include Strategy Vaults for automated DeFi strategies, Brahma Accounts for managing DeFi activity, and Swype.fun, a Visa-linked card enabling real-world spending from DeFi positions.
Polymarket has seen rapid growth in the prediction markets sector, reportedly reaching a $20 billion valuation.
Polymarket’s acquisition push continues
Polymarket is pressing ahead with its expansion strategy despite a broader downturn in the crypto market and growing hype around AI.
On March 10, the company announced a partnership with Palantir Technologies and TWG AI to build an AI-driven platform focused on sports integrity.
Earlier this year, Polymarket also acquired Y Combinator-backed startup Dome, which develops tools for prediction market builders, along with Lunch, a boutique firm known for recruiting and assembling teams for tech startups.
At the same time, the platform continues to face regulatory pushback in multiple regions. Most recently, authorities in Argentina have raised concerns over its unregulated betting markets, including those tied to geopolitical events.
