Polymarket Eyes $9B Valuation Following U.S. Regulatory Approval
Polymarket, the online prediction market where users wager on real-world events, is reportedly considering a deal that would value the company at $9 billion, according to The Information. The figure represents a sharp rise from its $1 billion valuation just three months ago, when a funding round was led by Peter Thiel’s Founders Fund.
The surge follows regulatory developments. The Commodity Futures Trading Commission had barred Polymarket from offering U.S.-based prediction contracts in 2021, but earlier this year the platform received approval to operate domestically, unlocking new growth opportunities.
The site allows bets on political elections, court rulings, and geopolitical outcomes. During the last U.S. election cycle, it processed more than $8 billion in wagers, outpacing sports betting giants FanDuel, DraftKings, and Betfair in online traffic.
Rival platform Kalshi has also seen its valuation rise, climbing to $5 billion from $2 billion earlier this year, signaling strong investor confidence in the mainstream potential of regulated prediction markets.
Polymarket has also drawn politically connected investors. Donald Trump Jr.’s 1789 Capital invested tens of millions of dollars, with Trump Jr. joining as an advisor. While prediction markets remain controversial in Washington, supporters contend they provide a transparent measure of public sentiment on political and global events.
