Polymarket Eyes $9B Valuation Amid Regulatory Green Light and Surging User Activity

Polymarket, the prediction market platform, is reportedly considering a deal that WOULD value the company at $9 billion—a staggering leap from its $1 billion valuation just three months ago. The surge follows regulatory approval from the CFTC, which reversed its 2021 ban on U.S. operations, unlocking significant growth potential.

The platform, which allows wagers on political, legal, and geopolitical events, processed over $8 billion in bets during the last U.S. election cycle—eclipsing major sportsbooks like FanDuel and DraftKings in online traffic. Competitor Kalshi has similarly seen its valuation double to $5 billion this year, signaling broader investor confidence in regulated prediction markets.

Notable backers include Donald TRUMP Jr.'s 1789 Capital, which invested tens of millions. The sector's rapid ascent reflects a shifting regulatory landscape and growing mainstream acceptance of speculative event contracts.