An advertisement for Polymarket at a subway station in Washington, DC, USA on Monday, November 2, 2026.
Aaron Schwartz | Bloomberg | Getty Images
Prediction market platform Polymarket has annual revenue of more than $1.8 billion, the company told CNBC on Tuesday.
This is an increase from June, when Polymarket announced an annual revenue run rate of over $1 billion after opening its domestic exchange in May.
Polymarket’s revenue is driven by the growth of its US exchange, which operates as a separate trading venue from the decentralized finance international platform. Notional trading volume on domestic exchanges exceeded $14.5 billion in October, up from $4 billion in June, according to data analytics platform Ticker Tracker.
The increase was driven by a series of events that resulted in big deals, including the FIFA World Cup in the summer and the start of the NFL season in September. Volume was buoyed by the growing popularity of combo event contracts, which function similarly to multi-leg parlays at sportsbooks, and accounted for more than 70% of the volume traded on the platform on Sunday.
The revenue growth since June comes as the company opened a new $1 billion funding round, valuing Polymarket at $21 billion.
However, polymarkets still face short-term headwinds. The Commodity Futures Trading Commission is conducting a wide-ranging investigation into the company, asking questions about its advertising practices and whether the company violated past settlements with regulators that bar U.S. residents from accessing international exchanges.
The company could also face increased scrutiny from Democratic Congresses due to President Donald Trump’s son, Donald Trump Jr., serving as an adviser to the company.
But Polymarket previously told CNBC that it will continue to work with lawmakers as they begin to understand the growing prediction market industry. A spokesperson said: “We welcome scrutiny.”
Disclosure: CNBC and Kalsi have a commercial relationship that includes customer acquisition and minority ownership.
