Prediction market platform Polymarket tops $1 billion in annualized revenue, source says

Manya Saini

Fri, June 26, 2026 astatine 9:47 AM CDT 1 min read

By Manya Saini

June 26 (Reuters) - Polymarket's annualized gross has surpassed $1 billion, a root acquainted with the substance told Reuters connected ‌Friday, highlighting the accelerated emergence of prediction markets arsenic retail ‌investors flock to commercialized connected everything from elections and sports to fiscal events.

Here are immoderate ​details:

• Prediction markets person evolved from a niche country of crypto and world concern into a fast-growing trading conception successful little than 2 years, arsenic a surge successful trading volumes and idiosyncratic enactment has fueled accelerated ‌growth crossed the industry.

• ⁠The roar has propelled platforms specified arsenic Polymarket, with retail traders showing keen involvement successful buying and selling contracts ⁠tied to the result of aboriginal events.

• Polymarket's gross milestone comes astir six weeks aft the institution rolled retired entree to its U.S. exchange, ​allowing customers ​to trade, the root said.

• "Polymarket is ​a product-led company," a spokesperson ‌said successful an emailed connection to Reuters. "We spent the past 5 years gathering the world's largest prediction marketplace and knowing however radical prosecute with markets astatine scale. We are applying those learnings to our U.S. platform."

• Prediction marketplace platforms are besides making a large propulsion to ‌attract apical organization investors and hedge funds ​beyond mom-and-pop investors.

• Some of Polymarket's astir ​popular markets presently let users ​to stake connected outcomes ranging from the victor of ‌the FIFA World Cup to whether ​the Strait of ​Hormuz volition beryllium closed.

• Last year, NYSE genitor Intercontinental Exchange agreed to put $2 cardinal successful Polymarket, marking 1 of the biggest ​endorsements yet of the ‌prediction marketplace manufacture by a accepted fiscal heavyweight.

• CNBC archetypal ​reported Polymarket's gross milestone earlier connected Friday.

(Reporting by Manya Saini ​in Bengaluru; Editing by Shinjini Ganguli)