Polymarket Reports Annual Revenue Run Rate Exceeding $1.8 Billion

Prediction market platform Polymarket reported an increase in its annual revenue run rate to over $1.8 billion. The company provided this data to CNBC on November 10, 2026, amid increased trading activity in its U.S. division. For comparison, in June, Polymarket estimated a similar figure at over $1 billion, shortly after expanding access for U.S. users to its regulated platform.

This refers to the annualized revenue run rate – the projected revenue for 12 months if the current business pace is maintained. The figure does not mean that Polymarket actually received $1.8 billion for a completed year and does not reflect the company's net profit. It is used to assess the scale of the business based on its current financial dynamics.

How Trading Grew on Polymarket's U.S. Platform

One of the main growth factors was the development of Polymarket US, which opened wide access to American users in May 2026. Before this, the company used a waiting list launched in December 2025. After its cancellation, users were able to trade event outcome contracts through the iOS app.

According to the analytical platform TickerTracker, the nominal trading volume of Polymarket US in October exceeded $14.5 billion compared to approximately $4 billion in June. Thus, the figure increased more than 3.6 times in four months. However, trading volume should not be equated with revenue: it reflects the value of concluded contracts, while the platform's income is primarily generated through commissions and other monetization sources.

According to the research company Sacra, in May 2026, Polymarket's annual revenue run rate was about $375 million. The company's latest estimate exceeds this level by more than four times. However, the figures come from different sources and may vary in calculation methodology, so their comparison should be considered as indicative.

Sports Events Increased User Activity

Contracts on sports event outcomes played a significant role in expanding trading. In the summer, user interest was supported by the FIFA World Cup, and in the fall, additional activity was ensured by the start of the National Football League (NFL) season in the U.S. As a result, sports became one of Polymarket's largest segments alongside political and other event contracts.

On the U.S. platform, the popularity of Combo contracts also grew. They allow combining several forecasts into one position, thus resembling combined sports bets in their structure. According to CNBC, on November 8, such instruments accounted for more than 70% of Polymarket US's trading activity.

The increase in the number of transactions coincided with a change in the platform's monetization model. Previously, Polymarket provided the opportunity to trade mostly without commissions, but in January 2026, it began introducing fees for certain operations. The commission size depends on the market category and transaction conditions, and part of the collected funds is directed to incentivize participants providing liquidity.

How the American Polymarket Differs from the International One

Polymarket operates through two separate trading platforms. The American division, Polymarket US, operates on the basis of QCX LLC, registered with the U.S. Commodity Futures Trading Commission (CFTC) as a regulated derivatives market. The international platform uses blockchain infrastructure and operates under a different access and settlement model.

The expansion of the American business became possible after Polymarket acquired the regulated platform QCEX in 2025. The company returned to the U.S. market after a period of restrictions related to settling claims with the CFTC. In January 2022, the regulator fined Polymarket $1.4 million for offering unregistered event outcome contracts.

At the same time, Polymarket remains under regulatory scrutiny. According to Reuters, the CFTC is conducting an investigation related to compliance with the 2022 agreement, advertising activities, and American users' access to the international platform. The existence of an investigation does not mean that the company violated the law.

How Polymarket's Growth Affects Business Valuation

The development of prediction markets has attracted the attention of major financial companies. In October 2025, Intercontinental Exchange, owner of the New York Stock Exchange, announced its intention to invest up to $2 billion in Polymarket. The agreement was based on a business valuation of approximately $8 billion before the investment.

According to the latest reports from CNBC, Polymarket has also started a new funding round of $1 billion with a proposed company valuation of $21 billion. These parameters relate to the discussed deal and do not mean that the funding has already been completed.

Despite the accelerated growth, Polymarket's future financial results will depend on user activity and trading structure. Major sports tournaments and elections can temporarily increase turnover but do not guarantee the same demand in other periods. Moreover, the development of a regulated business implies additional costs for compliance with CFTC requirements and trading risk management.