Polymarket acquires DeFi infrastructure startup Brahma
According to Fortune, the prediction market platform Polymarket has announced the acquisition of the startup Brahma, which focuses on cryptocurrency and defi-119">decentralized finance (DeFi) infrastructure. The specific transaction amount has not been disclosed.
Brahma was co-founded in 2021 by Alessandro Tenconi, Akanshu Jain, and Bapi Reddy Karri, primarily providing DeFi infrastructure services for businesses and individuals, having processed over $1 billion in transaction volume. After joining Polymarket, Brahma will terminate its existing projects with other partners.
The acquisition aims to optimize user experience, including streamlining processes for wallet creation, asset deposits and conversions, and result token exchanges, while also hoping to leverage Brahma's experience in the DeFi space to bring more liquidity to niche contract markets.
Polymarket CEO Shayne Coplan stated that the Brahma team has the capability to design, operate, and scale complex products. Currently, Polymarket is reportedly valued at $20 billion, and unlike its main competitor Kalshi, which primarily relies on fiat systems, Polymarket has always operated on a blockchain architecture since its inception.
You may also like
The survival dilemma of small and medium exchanges behind the withdrawal anomalies exposed by AscendEX
Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained
Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.
The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today
ETH has entered a non-consensus phase, and the turning point is approaching!
Bitcoin vs. Gold in 2026: Which Asset Performs Better in Different Markets?
What is your view on Binance's competitive advantages?
I never expected that the first application of AI x Crypto would be in security auditing
Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
Who is footing the bill for the $64 billion accounting frenzy?
Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Why do cryptocurrency projects always like to change their names?
From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies
The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough
Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends
Former SpaceX engineer reconstructs the financial execution system using first principles
Standard Chartered Bank sings a 50x rhapsody again, aiming for AAVE to reach 3500 USD
Tidal Investment: We still have a positive outlook on the AI industry chain, but the reasons have changed
The survival dilemma of small and medium exchanges behind the withdrawal anomalies exposed by AscendEX
Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained
Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.
The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today
ETH has entered a non-consensus phase, and the turning point is approaching!
Bitcoin vs. Gold in 2026: Which Asset Performs Better in Different Markets?
What is your view on Binance's competitive advantages?
