Polymarket announced Wednesday it is acquiring Brahma, a DeFi infrastructure startup that has processed over $1 billion in transactions, its third deal since February.
Brahma builds crypto plumbing for businesses managing digital assets, and the deal is about reducing the friction that still sits underneath Polymarket’s blockchain-based platform: wallet creation, deposits, converting shares and cashing out.
What Happened
CEO Shayne Coplan got Brahma co-founder Alessandro Tenconi on a Telegram call at 1 a.m. in September 2025.
Tenconi said Coplan was looking for builders who could move fast and ship quality. Brahma will wind down its other projects to join Polymarket full-time.
By tapping into Brahma’s risk-tolerant DeFi user base, Polymarket also hopes to inject much-needed liquidity into smaller, thinly traded niche contracts.
The acquisition signals a …
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