Polymarket says its annualized revenue has passed $1.8 billion
Polymarket told CNBC its annualized revenue is above $1.8 billion, up from more than $1 billion in June, as its U.S. exchange grows.
Polymarket’s annualized revenue has topped $1.8 billion, the company told CNBC on November 10, 2026. That is up from June, when it said its annual revenue run rate was above $1 billion, shortly after its U.S. exchange launched in May.
The U.S. exchange is driving growth
CNBC reports that the growth is coming from Polymarket’s domestic exchange, which runs as a separate venue from its decentralized international platform. That U.S. exchange handled more than $14.5 billion in notional volume in October, up from $4 billion in June, according to figures from data firm TickerTracker cited by CNBC.
The World Cup over the summer and the start of the NFL season in September brought heavy trading. Combo contracts, which work like a sportsbook’s multi-leg parlays, made up more than 70% of the volume traded on the platform on Sunday, November 8, CNBC reports.
Funding and scrutiny
The new number comes after Polymarket began a $1 billion funding round that values it at $21 billion. It also comes while the CFTC conducts a broad investigation into the company, covering its advertising practices and whether it once breached a settlement with the agency requiring it to keep U.S. residents off its international exchange.
CNBC adds that Polymarket may face more scrutiny from a Democratic Congress, partly because Donald Trump Jr. is an adviser to the company. A Polymarket spokesperson previously told CNBC: “We welcome scrutiny.”
What it shows
The figure is the company’s own run rate, reported to CNBC. It shows Polymarket’s U.S. business growing quickly while its federal regulator investigates it.
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