Polymarket annualized revenue tops $1 billion six weeks after U.S. exchange launch
Polymarket's annualized revenue has surpassed $1 billion just six weeks after launching its U.S. exchange, a source familiar with the matter told Reuters on Friday. Daily trading volume on the U.S. platform climbed from roughly $50 million in mid-May to more than $200 million on June 20, according to Yahoo Finance. CNBC attributed the growth to World Cup trading activity and the end of the platform's U.S. waitlist. The milestone follows Polymarket's 2025 acquisition of CFTC-licensed exchange QCEX (QCX), which enabled regulated U.S. operations under a CFTC order of designation. The crypto-native prediction market platform has seen trading volume surge following the 2024 U.S. election cycle. Multiple sources described the figure as highlighting rapid growth in retail trader interest for event contracts.
Polymarket's $1 billion annualized revenue run rate gives it a concrete benchmark to pitch against Kalshi's reported $22 billion valuation and IPO push.
The platform must now convert World Cup-driven retail flow into sticky volume before the tournament ends and dedicated desks from DRW, Wintermute, and IMC begin routing institutional order to whichever venue offers deeper liquidity and standardized connectivity.