Polymarket, one of the two leading prediction market sites, built its platform on blockchain rails—a design that offers efficiency but that can also add a layer of unwanted complexity. On Wednesday, the fast-growing company took a step that will help it tuck those blockchain elements further into the background: Polymarket announced it is acquiring Brahma, a startup that specializes in providing crypto and DeFi infrastructure for businesses and individuals managing digital assets. The financial terms of the deal were not disclosed.
“Building reliable infrastructure across blockchain networks and traditional financial rails is hard—there are no shortcuts,” said Shayne Coplan, founder and CEO of Polymarket, in an email to Fortune. “The Brahma team has shown they can design, operate and scale complex products for sophisticated users.”
