Polymarket Says Its Revenue Pace Now Exceeds $1.8 Billion

Polymarket said its annualized revenue pace exceeded $1.8 billion as trading expanded on its U.S. prediction exchange, tying its latest revenue milestone to growth in the domestic business.

The figure describes the current revenue rate projected across a year, not income collected during a completed year. Polymarket had placed the same measure above $1 billion in June.

The U.S. exchange launched in May and operates separately from Polymarket’s international decentralized finance platform. Its notional volume exceeded $14.5 billion in October, compared with $4 billion in June. Notional volume measures the face value of traded contracts, rather than revenue earned by the company.

Trading activity rose amid heavily traded events, including the FIFA World Cup during the summer and the NFL season’s September start. October’s notional volume was more than three times June’s, while the revenue figures describe a different measure of the business.