Polymarket Revenue Pace Tops $1.8 Billion as U.S. Trading Grows

Polymarket said its U.S. operation’s annualized revenue pace exceeded $1.8 billion as monthly trading volume on its U.S. exchange climbed to $14.77 billion in October, up from $4.04 billion in June, according to TickerTracker data. The revenue figure is a projection of the current pace over 12 months, not revenue already earned during a full year.

The company told CNBC on November 10 that its annualized revenue had risen from a pace above $1 billion reported in June. The figures describe Polymarket’s U.S. operation, which operates separately from its international platform. The company has not provided a full-year realized revenue figure in the reports.

TickerTracker counts each trade at the contract’s full possible payout value, rather than the amount a buyer paid. On that basis, October’s U.S. exchange volume was nearly four times June’s. Combo contracts, which combine multiple predictions in a single position, accounted for $8.6 billion, or 58.2% of October volume. Sports contracts made up $4.57 billion, or 31%.

Sports activity rose during the FIFA World Cup period, which ran from June 11 to July 19. TickerTracker data put June soccer-contract volume at $1.81 billion, compared...