CFTC Approval and Growing User Base Drive Polymarket’s $9B Valuation

Polymarket Could Reach $9B Valuation Following Regulatory Clearance

Polymarket, the online platform that lets users wager on real-world events, is reportedly weighing a deal that could value the company at $9 billion, according to The Information. This marks a dramatic increase from its $1 billion valuation just three months ago, when a funding round was led by Peter Thiel’s Founders Fund.

The potential surge follows regulatory progress in the U.S. In 2021, the Commodity Futures Trading Commission barred Polymarket from offering prediction contracts domestically. Earlier this year, the agency approved the platform, opening the door to rapid growth.

Polymarket allows bets on political elections, court rulings, and geopolitical developments. During the last U.S. election cycle, it processed over $8 billion in wagers, surpassing major sports betting operators like 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, highlighting investor optimism that regulated prediction markets could go mainstream.

High-profile investors have also backed Polymarket. Donald Trump Jr.’s 1789 Capital invested tens of millions of dollars and joined as an advisor. While prediction markets remain controversial in Washington, supporters say they offer a transparent measure of public expectations on political and global events.