Polymarket, the blockchain prediction markets platform, is acquiring Brahma, a crypto startup specializing in decentralized finance infrastructure. Brahma says its team will focus on developing Polymarket’s technology stack and product suite following the transition. Financial terms of the deal were not disclosed.
Founded in 2021, Brahma has processed over $1 billion in volume and developed three core products, including Strategy Vaults, smart accounts, and a Visa card linked to DeFi positions. All three products will be wound down within 30 days as the acquisition proceeds.
Polymarket CEO Shayne Coplan said the Brahma team has demonstrated the ability to design and scale complex products for sophisticated users. The acquisition may help reduce friction around wallet creation and deposits while bringing more liquidity to low-volume markets.
Polymarket, valued at a reported $20 billion, has also recently partnered with Palantir Technologies and acquired two other startups, Dome and Lunch, amid continued platform expansion.
Originally reported by CoinTelegraph.
