Blockchain prediction markets platform Polymarket is acquiring Brahma, a crypto startup that provides decentralized finance (DeFi) infrastructure.
“As part of this transition, our team will dedicate itself to evolving Polymarket’s stack and product suite,” Brahma stated in an announcement on Wednesday.
Brahma, founded in 2021, says it has processed over $1 billion in volume and may be used by Polymarket to reduce friction around wallet creation, deposits, and token redemptions. The acquisition could also bring more liquidity to niche, low-volume prediction markets on Polymarket.
Polymarket has continued to invest in expansion despite a broader crypto market decline and a surge in AI interest. The company announced on March 10 that it was partnering with Palantir Technologies and TWG AI to develop an AI-powered sports integrity platform.
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