Polymarket revenue and valuation
Specter estimates Polymarket's annual revenue at $1.5B to $2.16B and its valuation at $18.7B to $26.8B. The company last reported $1.8B revenue in November 2026 and was priced at $21B in September 2026.
- Estimated revenue
- $1.5B–$2.16B
- Estimated valuation
- $18.7B–$26.8B
- Reported revenue
- $1.8B
- Total funding
- $3.31B
- Founded
- 2020
- Headquarters
- New York City, United States
- Employees
- 594
Polymarket revenue
Polymarket grew from $261M revenue in May 2026 to $1.8B in November 2026. Specter's model puts current revenue between $1.5B and $2.16B, anchored to four reported figures.
Monthly data
| Month | Specter estimate | Low | High | Reported figure |
|---|---|---|---|---|
| $1.8B | $1.5B | $2.16B | ||
| $1.2B | $1B | $1.44B | $1.2B | |
| $370M | $300M | $460M | ||
| $112M | $91M | $138M | ||
| $34M | $29M | $41M | $1B | |
| $260M | $220M | $310M | $261M | |
| $340M | $280M | $410M | ||
| $230M | $118M | $330M | ||
| $177M | $88M | $260M | ||
| $155M | $94M | $220M | ||
| $151M | $78M | $220M | ||
| $151M | $93M | $210M | ||
| $134M | $74M | $194M | ||
| $74M | $44M | $105M | ||
| $58M | $36M | $81M | ||
| $41M | $20M | $62M | ||
| $43M | $21M | $65M | ||
| $43M | $18M | $68M | ||
| $42M | $18M | $66M | ||
| $44M | $16M | $71M | ||
| $43M | $15M | $72M | ||
| $41M | $14M | $68M | ||
| $44M | $20M | $68M | ||
| $36M | $18M | $54M | ||
| $42M | $19M | $65M | ||
| $40M | $18M | $62M | ||
| $32M | $18M | $45M | ||
| $28M | $16M | $40M | ||
| $18M | $11M | $25M |
| Date | Reported figure | Source |
|---|---|---|
| $1.8B revenue | ||
| $1.2B revenue | ||
| $1B ARR | ||
| $261M revenue |
Polymarket valuation
Polymarket's valuation rose from $350M at its venture round in July 2024 to $21B at its venture round in September 2026. Specter's live estimate sits between $18.7B and $26.8B.
Monthly data
| Month | Specter estimate | Low | High | Reported valuation |
|---|---|---|---|---|
| $22.4B | $18.7B | $26.8B | ||
| $21B | $17.5B | $25.3B | $21B (round) | |
| $17.8B | $14.7B | $21.5B | ||
| $15B | $12.5B | $18B | $15B (press) | |
| $11.6B | $9.33B | $14.5B | ||
| $9B | $7.49B | $10.8B | $9B (press) | |
| $10.4B | $8.65B | $12.5B | ||
| $12B | $9.98B | $14.4B | $12B (press) | |
| $9.8B | $7.98B | $12B | ||
| $8B | $6.65B | $9.62B | $8B (press) | |
| $9B | $7.49B | $10.8B | $9B (press) | |
| $9B | $7.34B | $11B | ||
| $9B | $7.49B | $10.8B | $9B (round) | |
| $3.29B | $2.65B | $4.08B | ||
| $1.2B | $1B | $1.44B | $1.2B (round) | |
| $1.09B | $510M | $2.34B | ||
| $990M | $500M | $1.98B | ||
| $900M | $470M | $1.72B | ||
| $820M | $450M | $1.49B | ||
| $750M | $430M | $1.29B | ||
| $680M | $420M | $1.1B | ||
| $620M | $400M | $960M | ||
| $560M | $380M | $820M | ||
| $510M | $360M | $730M | ||
| $470M | $350M | $620M | ||
| $420M | $330M | $540M | ||
| $390M | $320M | $480M | ||
| $350M | $290M | $420M | $350M (round) | |
| $350M | $290M | $430M |
Polymarket funding rounds
| Date | Round | Raised | Post-money valuation | Lead investors |
|---|---|---|---|---|
| Venture round | $1B | $21B | 1789 Capital | |
| Corporate round | $100K | Undisclosed | Neptune Digital Assets | |
| Series E | $400M | Undisclosed | G Squared, D. E. Shaw & Co. | |
| Series E | $600M | Undisclosed | Intercontinental Exchange | |
| Series D | $1B | $9B | Intercontinental Exchange | |
| Series C | $150M | $1.2B | Founders Fund | |
| Venture round | $55M | $350M | Blockchain Capital | |
| Series B | $45M | Undisclosed | Founders Fund | |
| Series A | $29M | Undisclosed | Undisclosed | |
| Series A | $25M | Undisclosed | General Catalyst | |
| Seed | $4M | Undisclosed | Polychain |
Polymarket competitors
The prediction market sector splits between CFTC-regulated exchanges and decentralized on-chain protocols.
| Company | Revenue | Valuation |
|---|---|---|
| $1.5B–$2.16B | $18.7B–$26.8B | |
| $3.32B–$5.34B | $33.3B–$48.1B | |
| $27M–$74M | $108M–$410M | |
| $7.1M–$30M | $30M–$126M | |
| $4.3M–$27M | $12M–$153M |
Polymarket revenue and valuation FAQ
What is Polymarket's revenue?
Specter estimates Polymarket's annual revenue at $1.5B to $2.16B as of October 2026. Polymarket last reported $1.8B revenue in November 2026, up from $261M in May 2026.
What is Polymarket's valuation?
Polymarket's latest post-money valuation is $21B, from a September 2026 venture round. Specter's live estimate is $18.7B to $26.8B.
What is Polymarket's revenue multiple?
Polymarket is valued at about 11.7× revenue, based on its $21B September 2026 valuation and $1.8B last reported revenue. That works out to roughly $3.03M of revenue per employee.
How much funding has Polymarket raised?
$3.31B across 11 rounds, from a $4M Seed in October 2020 to a $1B venture round in September 2026.
Who invested in Polymarket?
60 investors, including 1789 Capital, D. E. Shaw & Co., Founders Fund, G Squared, Intercontinental Exchange and Neptune Digital Assets.
Who are Polymarket's competitors?
Kalshi, Limitless Labs, Probo and Prodesign. Specter ranks 30 competitors for Polymarket.