Polymarket reports $1.8 billion revenue run rate
Polymarket says its annualized revenue has exceeded $1.8 billion, according to reporting citing a company disclosure to CNBC on November 10. The figure represents a revenue run rate, rather than completed full-year revenue, and follows an earlier company estimate exceeding $1 billion in June.
The disclosure accompanies growth in the company’s U.S. exchange. Its American operation is separate from the international platform, a distinction that matters when comparing activity, regulatory status and revenue claims. The company widened U.S. access in May after initially admitting traders to that exchange in late 2025. The company has not provided an audited breakdown establishing how much of the reported annualized revenue is attributable to each operation.
Separately, analytics platform TickerTracker recorded U.S. monthly trading volume of $14.77 billion in October, compared with $4.04 billion in June. Cointelegraph reported that these figures value contracts at their full potential payout. They should therefore not be interpreted as platform revenue or necessarily as the cash customers committed.
Combo contracts, which combine several predictions, accounted for $8.6 billion of October volume, or 58.2%, in that dataset. Sports contracts represented a further $4.57 billion, or 31%. Those categories describe the composition of exchange activity, rather than a breakdown of the company’s reported revenue.
Growth accompanies continuing jurisdiction disputes
The expansion comes as federal and state authorities dispute the treatment of sports event contracts. On November 5, the CFTC issued an interpretation of impartial-access requirements for designated contract markets, addressing restrictions based on where customers are located within the United States.
The commission instructed exchanges to cease domestic geographic restrictions that violate those requirements within 30 days, or explain why compliance is not feasible. It also directed markets to address restrictions imposed by intermediaries. The announcement concerns exchange access obligations and does not provide an audited assessment of Polymarket’s commercial performance.
Polymarket has also faced scrutiny concerning its marketing practices. Cointelegraph reported that Senators John Curtis and Adam Schiff asked the regulator in June to examine allegations involving influencers and fabricated trades. Those concerns remain separate from the revenue disclosure and should not be treated as established findings of wrongdoing.
State-level proceedings have continued alongside the federal debate, including Polymarket U.S.’s Michigan sports-contract withdrawal. The latest revenue claim is company-reported; the publicly cited trading statistics come from a separate analytics source and use a different measurement basis.
