Polymarket, a leading crypto-based prediction market platform, has finalized its all-stock acquisition of DeFi infrastructure startup Brahma. The deal, first reported by Fortune in mid-March 2026 and now confirmed, aims to integrate Brahma's smart account technology and team to enhance Polymarket's execution speed, reliability, and liquidity.
The financial terms of the private transaction were not disclosed. However, the move is strategically significant for Polymarket, which reportedly holds a $20 billion valuation as it competes with regulated rival Kalshi for dominance in the growing onchain prediction markets sector. Brahma, founded in 2021 by Alessandro Tenconi, Akanshu Jain, and Bapi Reddy Karri, has processed over $1 billion in DeFi transaction volume. The startup will wind down its standalone products, such as the Console smart account and strategy vaults, within approximately 30 days to focus entirely on evolving Polymarket's core infrastructure and product suite.
Brahma's technology specializes in simplifying complex DeFi workflows, offering capabilities for wallet creation, deposit processes, share conversions, and redeeming outcome tokens. Its unified smart account system allows users and autonomous agents to batch swaps, lending, bridging, and collateral management into single programmable flows. Polymarket CEO Shayne Coplan stated that building reliable infrastructure across blockchain and traditional financial rails is difficult and praised Brahma as a team that has "shown it can design, operate and scale complex products for sophisticated users."
The acquisition comes at a time of record activity for onchain prediction markets, with sector data showing more than 192 million transactions in March 2026 alone. It also aligns with Polymarket's regulatory strategy; the platform has begun a phased, intermediated rollout in the U.S. and self-certified new market rules with the CFTC in early 2026. The integration of Brahma's automated infrastructure is seen as a way to turn this regulatory progress and rising volume into durable market share by improving platform stability during high-volume events like elections or major news releases.
