Polymarket has completed its all‑stock acquisition of DeFi startup Brahma, pulling in its smart account stack to speed execution, deepen liquidity, and defend share as prediction markets explode.

Polymarket has finalized the acquisition of DeFi infrastructure company Brahma, fully integrating the startup’s team and smart account technology to strengthen its onchain prediction markets platform.

Financial terms of the all‑stock, private transaction were not disclosed, but Polymarket’s reported $20 billion valuation underscores the strategic weight of the deal as the platform races regulated rival Kalshi for dominance in crypto‑native betting markets.

Brahma, founded in 2021 by Alessandro Tenconi, Akanshu Jain, and Bapi Reddy Karri, has processed more than $1 billion in DeFi transaction volume and will now wind down its standalone products within roughly 30 days to focus entirely on Polymarket’s stack.

According to a Fortune report, Brahma “specializes in providing crypto and DeFi infrastructure for businesses and individuals managing digital assets,” giving Polymarket a ready‑made execution layer to hide blockchain complexity from retail users. Tenconi told Fortune that Brahma’s infrastructure can help users with “wallet creation, deposit processes, share conversions, and redeeming outcome tokens,” addressing long‑standing frictions for new entrants to onchain markets. Brahma described the transition bluntly in its own announcement, stating that “our team will dedicate itself to evolving Polymarket’s stack and product suite,” as it sunsets products like its Console smart account and strategy vaults while preserving full fund access for existing clients.

Why Polymarket wants Brahma now

For Polymarket, the acquisition is about more than a smoother UX. CEO Shayne Coplan told Fortune that “building reliable infrastructure across blockchain networks and traditional financial rails is hard—there are no shortcuts,” praising Brahma as a team that has “shown it can design, operate and scale complex products for sophisticated users.” Brahma’s unified smart account system lets users and autonomous agents batch swaps, lending, bridging, and collateral management into single programmable flows, a capability that can increase liquidity in smaller, niche markets that have historically struggled to attract capital.

The deal lands as onchain prediction markets hit fresh records, with sector data showing more than 192 million prediction market transactions in March 2026 alone, an all‑time high amid rising regulatory scrutiny and a wave of new legislation targeting insider trading and war‑related contracts. Polymarket has already begun a phased, intermediated rollout in the U.S., with MetaMask noting that the platform self‑certified new market rules with the CFTC in early 2026, marking the first time an onchain prediction venue has plugged directly into the U.S. regulatory framework. With Brahma now in‑house, Polymarket is betting that deeper, more automated DeFi infrastructure can turn that regulatory beachhead and rising volume into durable, defensible market share.