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Polymarket acquires Brahma to add decentralised finance infrastructure

Deals & M&A

Polymarket is acquiring decentralised finance company Brahma, the companies confirmed, according to the report. The financial terms were not disclosed. Brahma said it would close its other products by 17 April.

Polymarket’s acquisition adds Brahma’s infrastructure, while Brahma’s other products are set to close.

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Deals & M&A

Prediction-market platforms report election contract trading during US midterms

Prediction-market platforms were trading contracts on control of the US House and Senate during the 3 November midterm elections, according to the report. It cited Kalshi and Polymarket prices at 10:32 a.m. ET and said no results had been reported by then. The report also described third-quarter figures from Robinhood, including $173 million in event-contract revenue and 16.4 billion contracts traded.

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