User Growth and CFTC Nod Push Polymarket Toward $9 Billion Valuation

Polymarket Eyes $9B Valuation After Regulatory Clearance

Polymarket, the online platform for wagering on real-world events, is reportedly considering a deal that would value the company at $9 billion, according to The Information. The jump is striking compared with its $1 billion valuation just three months ago, when a funding round led by Peter Thiel’s Founders Fund closed.

The rise comes as U.S. regulators ease restrictions. The Commodity Futures Trading Commission barred Polymarket from offering prediction contracts domestically in 2021, but earlier this year the agency approved the platform to operate in the U.S., paving the way for rapid growth.

Polymarket allows users to bet on political elections, court rulings, and geopolitical developments. During the last U.S. election cycle, the platform processed over $8 billion in wagers, outpacing major sports betting operators such as FanDuel, DraftKings, and Betfair in online traffic.

Competitor Kalshi has also seen its valuation jump, rising to $5 billion from $2 billion earlier this year, reflecting investor confidence that regulated prediction markets could become mainstream.

Polymarket has attracted high-profile backers, including Donald Trump Jr.’s 1789 Capital, which invested tens of millions of dollars, with Trump Jr. joining the company as an advisor. While prediction markets remain controversial in Washington, supporters argue they offer a transparent gauge of public sentiment on political and global events.