Polymarket's annualized revenue tops $1.8 billion as U.S. exchange volume surges

Polymarket's growth is being driven by its U.S. exchange, launched in May, which saw more than $14.5 billion in notional volume in October, up from $4 billion in June, per TickerTracker. Heavily traded events like the FIFA World Cup and the NFL season boosted activity, and Combo event contracts—similar to sportsbook parlays—accounted for over 70% of Sunday's volume. The company has begun a $1 billion funding round valuing it at $21 billion. It still faces a broad CFTC investigation into advertising practices and possible past violations of a settlement barring U.S. residents from its international exchange, plus potential scrutiny from a Democratic congress tied to Donald Trump Jr.'s advisory role. A spokesperson said, "We welcome scrutiny."

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