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Polymarket Acquires DeFi Infrastructure Startup Brahma
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March 18th, according to Fortune, prediction market platform Polymarket announced the acquisition of Brahma, a startup providing crypto and DeFi infrastructure. The transaction amount was not disclosed. Polymarket plans to leverage Brahma's capabilities in multi-chain infrastructure and DeFi liquidity to strengthen underlying processes such as wallet creation, fund deposits, position conversion, and settlement, further hiding on-chain complexity in the background. The report mentioned that Polymarket's valuation has reached approximately $20 billion. In the future, Brahma will cease providing services to other institutions and individuals and focus on providing infrastructure support for Polymarket. Previously, Polymarket had acquired developer tool startup Dome and executive search firm Lunch.