Prediction market operator Polymarket has reported an annualized revenue run rate of more than $1.8 billion, marking a significant increase from the $1 billion level disclosed in June 2026.
The company shared the latest figure with CNBC on November 10, as activity on its US exchange continued to expand. According to data from analytics platform TickerTracker, the domestic platform processed more than $14.5 billion in notional trading volume in October, compared with approximately $4 billion in June.
The growth has been supported by increased interest in sports-related contracts and combination markets, which allow users to trade on several event outcomes through a single position.
US Exchange Drives Polymarket’s Revenue Growth
Polymarket’s expansion has been closely linked to the development of its US exchange, which operates separately from the company’s international decentralised finance platform.
The domestic exchange became widely accessible in May 2026, following an earlier restricted launch. Since then, its trading activity has increased substantially.
TickerTracker data shows that monthly notional volume rose from around $4 billion in June to more than $14.5 billion in October. This represents growth of over three times in four months.
The revenue milestone also marks a sharp increase compared with June, when Polymarket reported an annualized revenue run rate exceeding $1 billion.
It is important to distinguish between annualized revenue and actual yearly earnings. The $1.8 billion figure represents the revenue pace projected over 12 months if current business activity continues. It does not mean the company has already generated that amount during a completed financial year, nor does it represent net profit.
Sports Markets and Combo Contracts Attract Traders
Sports have become one of the main drivers of activity on Polymarket’s US exchange.
The FIFA World Cup contributed to higher trading volumes during the summer, while the start of the NFL season in September brought another wave of interest. These events attracted users to contracts linked to match results and other sporting outcomes.
Combo event contracts have also become increasingly popular. Similar in structure to multi-leg parlays offered by traditional sportsbooks, these products allow traders to combine several predictions into a single position.
According to figures reported by CNBC, combo contracts accounted for more than 70% of Polymarket’s trading volume on Sunday, November 8.
Their popularity demonstrates how prediction market platforms are expanding beyond individual event contracts and introducing products that resemble established sports betting formats.
Polymarket Pursues Another $1 Billion Funding Round
The company’s revenue growth comes as it seeks additional investment.
Polymarket has reportedly started a new $1 billion funding round at a proposed valuation of approximately $21 billion. The fundraising effort reflects continued interest from investors in prediction markets and their potential to develop into a broader financial trading sector.
The company has attracted attention from major financial institutions. Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, previously committed substantial capital to Polymarket, becoming one of the most prominent traditional financial players to back the sector.
The latest fundraising discussions would provide additional resources for product development, market expansion and the platform’s broader business ambitions.
However, the reported $21 billion valuation and the proposed funding round should be distinguished from a completed investment transaction.
Regulatory Scrutiny Remains a Major Challenge
Despite its rapid expansion, Polymarket continues to face regulatory questions in the United States.
The Commodity Futures Trading Commission (CFTC) is reportedly conducting a broad investigation into the company. One area of focus concerns whether Polymarket’s advertising practices and access arrangements complied with the terms of its previous settlement with the regulator.
That agreement required the company to prevent US residents from accessing its international exchange. The launch of a separate domestic platform has since changed its operating structure, but questions surrounding the international service remain under scrutiny.
The wider prediction market industry is also facing legal challenges over the classification of sports-related event contracts. Some state authorities argue that these products constitute gambling and should fall under state-level betting laws, while prediction market operators maintain that they are financial contracts subject to federal oversight.
The NFL has also urged the US Supreme Court to treat sports-related prediction contracts as gambling products, adding another dimension to the ongoing jurisdictional dispute.
The conflicting legal positions have left the division of authority between federal regulators and individual states unresolved.
Can Polymarket Maintain Its Growth?
Polymarket’s latest revenue milestone highlights the scale of demand for event-based trading products in the United States. The expansion of its domestic exchange, the popularity of sports markets and the introduction of combo contracts have all contributed to higher activity.
At the same time, the company’s future growth will depend on more than trading demand. Regulatory decisions, legal proceedings and the platform’s ability to operate across different jurisdictions could influence its business model.
For now, the annualized revenue run rate above $1.8 billion represents a major milestone for Polymarket. Whether the company can maintain this pace will depend on its ability to balance product expansion with an increasingly complex regulatory environment.
Source: https://www.gamblingnews.com/news/as-trading-volume-soars-polymarket-annualized-revenue-surpasses-1-8b/
