Polymarket Acquires DeFi Infrastructure Startup Brahma

DeepFlowTech · 2026-03-18T14:53:01+00:00

Polymarket announced the acquisition of DeFi startup Brahma, aiming to optimize user experience and increase liquidity. Founded in 2021, Brahma has handled over $1 billion in transactions. This acquisition will simplify wallet and asset management processes, further improving platform efficiency.

DeepFlowTech

2026-03-18 14:53:01

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Deep Tide TechFlow News, on March 18, according to Fortune, reports that prediction market platform Polymarket announced the acquisition of startup Brahma, which focuses on cryptocurrency and decentralized finance (DeFi) infrastructure. The specific transaction amount was not disclosed.

Brahma was co-founded by Alessandro Tenconi, Akanshu Jain, and Bapi Reddy Karri in 2021. It mainly provides DeFi infrastructure services for enterprises and individuals, with a total transaction volume of over $1 billion. After joining Polymarket, Brahma will terminate existing projects with other partners.

The acquisition aims to improve user experience, including simplifying wallet creation, asset deposits and conversions, and result token exchanges. It is also expected that Brahma’s experience in DeFi will bring more liquidity to niche contract tracks.

Polymarket CEO Shayne Coplan said that the Brahma team has the ability to design, operate, and scale complex products. Currently, Polymarket is reported to be valued at $20 billion. Unlike its main competitor Kalshi, which mainly relies on fiat currency systems, Polymarket has always operated on a blockchain-based architecture since its inception.

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