Performances
RD Popularity Index
RD Growth Index
Revenue & Burn
Protocol income
$3.42MBuyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Nov 2026 | $3.42M | -- | -- | -- |
| Oct 2026 | $17.44M | -- | -- | -- |
| Sep 2026 | $15.27M | -- | -- | -- |
| Aug 2026 | $18.29M | -- | -- | -- |
| Jul 2026 | $23.07M | -- | -- | -- |
| Jun 2026 | $22.01M | -- | -- | -- |
Comparison
Follow Updates
Follow Lists
People
About Polymarket
Polymarket is a decentralized prediction-market platform where users bet in stablecoins on outcomes of real-world events across politics, economics and sports, serving participants who want to express probabilistic views of the real world with capital. It solves the lack of settled price signals and verifiable collective consensus in traditional forecasting: Polymarket splits each event into binary positions via the Conditional Tokens (CTF) framework and forms continuous probability prices through automated market making and an order book. Its pricing model is set by marginal fills between buyers and sellers, while disputed events are resolved on-chain through UMA's optimistic oracle and a dispute-arbitration module.
Such markets depend heavily on liquidity depth and the resolvable nature of outcomes, with niche markets often facing wide spreads and thin counterparties. In June 2026, Polymarket struck a flagship partnership with football media platform OneFootball to embed prediction experiences into an app reaching hundreds of millions of fans.
In 2020, Shayne Coplan founded Polymarket, a Polygon-based decentralized prediction market where users trade real-world outcomes in USDC.
In January 2022, Polymarket was fined $1.4M by the CFTC for operating unregistered and blocked U.S. users, moving offshore.
During the 2024 U.S. election, Polymarket processed over $3.5B and correctly called Trump's win, gaining wide fame.
In July 2025, the DOJ and CFTC ended their probes into Polymarket.
In July 2025, Polymarket acquired CFTC-licensed QCEX for $112M to legally return to the U.S.
In 2025, Intercontinental Exchange (ICE) invested $2B in Polymarket at an ~$8B valuation.
In 2025, Polymarket relaunched its U.S. business and expanded into sports and economic contracts.
In September 2026 Polymarket raised about $1 billion led by 1789 Capital at a post-money valuation of roughly $21 billion, after ICE committed up to $2 billion in October 2025 at about an $8 billion valuation and added $600 million in March 2026, lifting the valuation to around $15 billion. Annualised revenue has passed $1 billion.
US activity runs through the separately operated, CFTC-regulated Polymarket US, while the international site excludes US users. Protocol V2 consolidates all positions into a single ERC-1155 contract with pUSD as unified collateral, has been reviewed by six auditors, and is scheduled to go live on November 2.
Future strategy and roadmap: Polymarket's valuation story is shifting from trading fees to data: after completing its $1.6 billion ICE investment in March, ICE became the exclusive global distributor of its event-probability data, and the Signals and Sentiment feed launched in February packages odds into market signals for institutions, a B2B line that does not depend on retail betting volume. Fees on most markets from March 30 lifted annualised revenue above $1 billion, still behind Kalshi's roughly $2 billion of revenue and its $22 billion valuation, a gap rooted in sports contract mix and regulatory standing. The CFTC's June rulemaking on sports event contracts, state gambling suits and insider-trading enforcement define the US ceiling, while Protocol V2's single collateral contract and pUSD are groundwork for market making and portfolio margining.
Polymarket was founded in 2020 by Shayne Coplan, who is CEO. Born in New York in 1998, he studied computer science and economics at New York University before dropping out. He covered interface, market making and external communication.
CFO Warren Jenson, formerly CFO of Amazon and Electronic Arts and president of Delta Air Lines, joined in 2024 and oversees finance, audit and capital markets. CTO Kurush Dubash previously founded the data company Dome and owns matching and settlement, with engineering reporting to him. Chief legal officer Neal Kumar came out of regulatory enforcement and handles litigation and policy. The team is grouped into engineering, market making, legal and growth, each lead reporting to Coplan weekly. He still interviews early hires and chairs both the weekly interface review and most public statements.
Polymarket has seen rapid team expansion. In March 2026, former Aave SVP Josh Stevens joined as VP of Engineering, spearheading infrastructure upgrades, chain migration for larger blocks/lower gas, CLOB refactoring, unified TypeScript SDK/API, new contracts, and Perps development. In April, ex-Eigen Labs Protocol Lead Rajath Alex became Head of Protocol. The company also acquired API platform Dome and DeFi infrastructure Brahma, absorbing their teams. For compliance, former RBC counsel Matthew Lischin joined as US platform legal counsel; ex-Fanatics executive Ari Borod became President of Sports Business; former Coinbase institutional product lead Brooke Rizzetto oversees institutional liquidity. From May to September, BD Manager Pavan Manilal, Senior Software Engineer David Racero, Perps lead Xtine Fang, Chief Growth Officer Travis VanderZanden, and CFO Warren Jenson joined successively. The "talent arms race" reflects Polymarket's aggressive push into prediction markets, sports betting, and institutional-grade infrastructure.
Polymarket holds a US Commodity Futures Trading Commission (CFTC) designated contract market (DCM) licence (QCX LLC, d/b/a Polymarket US, designated July 2025) and a CFTC derivatives clearing organization (DCO) registration (QC Clearing LLC, d/b/a Polymarket Clearing, December 2024).