Polymarket Eyes $9B Valuation as Prediction Markets Go Mainstream

Polymarket, the prediction market platform, is reportedly in talks for a deal that WOULD value the company at $9 billion—a dramatic leap from its $1 billion valuation just three months ago. The surge follows a funding round led by Peter Thiel’s Founders Fund and comes as U.S. regulators ease restrictions on the sector.

The Commodity Futures Trading Commission (CFTC) barred Polymarket from U.S. operations in 2021 but reversed course earlier this year, clearing the path for rapid expansion. The platform, which allows wagering on political elections and global events, processed over $8 billion in bets during the last U.S. election cycle, outpacing major sportsbooks in online traffic.

Rival platform Kalshi has also seen its valuation more than double to $5 billion this year, signaling growing investor confidence in prediction markets as a mainstream financial product. Polymarket’s political connections are deepening, with Donald TRUMP Jr.’s 1789 Capital investing tens of millions and joining as an advisor.