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Polymarket nears $20B valuation in new funding talks after $1B+ annual revenue report

Market News
04 Aug 2026
CNBC
View Source
Bullish
Polymarket nears $20B valuation in new funding talks after $1B+ annual revenue report

Prediction market platform Polymarket is in discussions for a new funding round that could value the company above $20 billion. This follows a report that Polymarket's annualized revenue exceeds $1 billion, boosted by the launch of its regulated U.S. exchange in May. The company previously closed a $15 billion valuation round in April, which included a $600 million investment from Intercontinental Exchange. If successful, this funding round would mark Polymarket's first since launching its U.S. exchange, reflecting strong growth in prediction markets alongside competitors like Kalshi.

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