Prediction market platform Polymarket has surpassed $1 billion in annualized revenue, the company disclosed exclusively to CNBC on Friday.
The milestone comes just six weeks after the platform officially lifted its waitlist for U.S. users, marking a significant acceleration in its commercial trajectory following the launch of its U.S. exchange.
The surge in trading volume has been driven largely by heightened interest in the World Cup, which has provided a high-profile catalyst for user engagement.
By removing the waitlist barrier, Polymarket has opened its platform to a broader domestic audience, allowing it to capture a larger share of the prediction market sector.
The company’s ability to scale revenue to this level in such a short timeframe underscores the growing appetite for decentralized betting products among retail and institutional participants alike.
This development highlights the rapid evolution of the prediction market industry, which has long operated in regulatory gray areas.