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

Prediction market platform Polymarket is in advanced talks for a funding round that could catapult its valuation to $10 billion, according to sources familiar with the matter. The potential valuation marks a dramatic leap from its $1 billion capitalization achieved just months ago during a summer funding round. At least one investor has already presented a term sheet at the $10 billion mark, though the company declined to comment.

The surge in valuation follows strategic moves to re-enter the US market after regulatory hurdles. The Commodity Futures Trading Commission recently granted Polymarket approval to resume US operations via a no-action letter issued to its regulatory partner, QCX LLC—a firm acquired for $112 million in July. This paves the way for Polymarket to offer event contracts while complying with federal derivatives rules, reversing its 2022 exit following a $1.4 million CFTC settlement.

Adding political heft to its comeback, Donald TRUMP Jr. joined Polymarket's advisory board in August alongside a strategic investment from his venture firm, 1789 Capital. The move signals the platform's preparation for a high-stakes return to the US market, where regulatory clarity and institutional backing could redefine its trajectory.