Polymarket Revenue Soars to $1.8B as Sports Trading Fuels Growth

TL;DR:

• Polymarket’s annualized revenue rate surpassed $1.8 billion as of November 10, 2026, up from the $1 billion reported in June.
• Combined sports event contracts accounted for more than 70% of the trading volume on the platform during Sunday’s session.
• The U.S. Commodity Futures Trading Commission keeps an active investigation open regarding local user access and its advertising practices.

This Tuesday, November 10, prediction market platform Polymarket confirmed that its revenues reached an annualized run rate exceeding $1.8 billion, driven by the activity of its U.S. subsidiary.

The figure represents an acceleration compared to the data reported in June 2026, a period in which the company placed its annualized revenues above $1 billion. According to corporate statements gathered by CNBC, the increase in commercial activity responds to the rollout of markets linked to sports competitions and the use of its regulated U.S. subsidiary, an entity operating independently from its international decentralized platform.

The surge in users coincided with international sports events, including the FIFA World Cup and the start of the National Football League regular season in September. Within the platform, users trade derivative contracts based on specific outcomes rather than using conventional betting houses.

A decisive factor in recent transactional volume was the adoption of combined contracts. This modality allows multiple predictions to be grouped into a single market position. According to data published by CNBC, combined contracts represented more than 70% of the total volume transacted on the platform during the previous Sunday session.

U.S. Rollout and Capital Goals

The company’s financial growth relies directly on the gradual opening of its local market. Polymarket initiated a restricted registration program in December 2025 and proceeded to eliminate the waitlist for its iOS mobile app in mid-May 2026. This opening allowed the direct entry of retail and institutional traders within the U.S. operating framework.

Alongside these volume records, the company’s management is handling a $1 billion funding round. As reported by the cited source, the operation targets a preliminary market valuation of $21 billion to support the commercial infrastructure of the North American division.

The company adopted an operational fee model at the beginning of 2026, leaving behind its initial commission-free structure. Sector reports indicate that this fee change, added to the increase in daily notional volume, substantially modified the gross revenue curve in the last two quarters.

Regulatory Scrutiny and Internal Reviews

Despite billing records, the firm faces legal reviews in U.S. territory. The CFTC reopened an investigation to determine whether the company complied with the agreement reached in 2022, which restricts U.S. residents’ access to its global decentralized order book. Reports from the Reuters agency indicate that technical inquiries analyze geolocation methods, customer onboarding protocols, and targeted advertising campaigns.

Simultaneously, Polymarket faced operational contingencies. On October 29, 2026, the platform preemptively suspended transactions after a security incident was detected in the infrastructure of a third-party IT service provider. The company resumed trading operations and issued an official statement guaranteeing a full refund of funds to each user affected during the outage.

In the corporate sphere, the company removed its Chief Marketing Officer, Matthew Modabber, following an internal audit linked to promotional campaigns with content creators and simulated transactions, as disclosed by the New York Post. Faced with federal requirements, official Polymarket spokespersons told CNBC that the institution is actively cooperating with legislative committees while the regulatory framework for the financial predictions industry is being developed.

The CFTC and U.S. Congressional committees scheduled informative hearings on predictive derivatives for the coming weeks, an instance where applicable supervision standards for this segment will be formally evaluated.