Polymarket Eyes $10 Billion Valuation in New Funding Round Amid US Regulatory Comeback

Prediction market platform Polymarket is in advanced discussions to secure funding that could catapult its valuation to $10 billion, according to sources familiar with the matter. The potential valuation marks a tenfold increase from its $1 billion valuation in a summer funding round, with at least one investor already proposing terms at the higher figure.

The funding push coincides with Polymarket's strategic repositioning for a US market return. The Commodity Futures Trading Commission granted regulatory clearance on Sept. 3, allowing the platform to resume US operations through regulatory partner QCX LLC—a $112 million acquisition finalized in July. This follows Polymarket's 2022 exit from the US market after settling CFTC charges for $1.4 million over unregistered derivatives trading.

Political heavyweight Donald TRUMP Jr. joined Polymarket's advisory board in August alongside a strategic investment from his venture firm 1789 Capital, signaling the platform's preparation for high-stakes market re-entry. The regulatory approval enables Polymarket to operate event contracts while complying with federal derivatives rules, creating a foundation for scaled operations.