Polymarket Annualized Revenue Tops $1.8 Billion as US Exchange Volume Explodes

A Polymarket advertisement at a metro station in Washington, DC, US, on Monday, Nov. 2, 2026.

Aaron Schwartz | Bloomberg | Getty Images

Prediction market giant Polymarket has revealed that its annualized revenue run rate has surpassed the $1.8 billion mark, marking a significant milestone for the rapidly expanding platform.

This latest figure represents a substantial increase from June, when the company reported an annual revenue run rate exceeding $1 billion, shortly after launching its domestic exchange in May.

The primary driver behind this surge is the rapid expansion of Polymarket’s U.S. exchange, which operates as a distinct trading venue separate from its international decentralized finance platform. According to data from TickerTracker, the domestic exchange recorded over $14.5 billion in notional volume in October, a massive leap from the $4 billion recorded in June.

This impressive volume growth was propelled by high-profile trading events over the summer, including the FIFA World Cup, as well as the commencement of the NFL season in September. Further boosting activity is the rising popularity of Combo event contracts—complex options akin to multi-leg parlays in sports betting—which accounted for over 70% of the platform’s traded volume on Sunday.

This remarkable revenue momentum coincides with a major funding round initiated by the company, seeking to raise $1 billion and cementing a valuation of $21 billion.

Despite this meteoric rise, Polymarket is navigating near-term regulatory headwinds. The Commodity Futures Trading Commission (CFTC) is conducting a broad investigation into the platform, focusing on advertising practices and potential past violations of settlement agreements that previously barred U.S. residents from accessing its international exchange.

Additionally, the company may face heightened political scrutiny from a Democratic-led Congress, partly due to the advisory role played by Donald Trump Jr., the son of President Donald Trump, within the organization.

However, Polymarket has expressed a willingness to collaborate with lawmakers as they seek to understand the rapidly growing prediction market sector. “We welcome scrutiny,” a company spokesperson stated.

Disclosure: CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.

Source link