Polymarket reports $1.8bn annual revenue run rate for US platform
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Polymarket said its annual revenue run rate exceeded $1.8bn, surpassing the $1bn forecast it gave in June. The company also reported $14.5bn in notional volume on its US platform last month, more than triple the $4bn recorded four months earlier.
Polymarket said its annual revenue run rate exceeded $1.8bn, above the $1bn forecast it gave in June.
The CFTC is investigating Polymarket’s advertising practices. Polymarket reportedly fired former chief marketing officer Matthew Modabber amid an internal investigation into alleged misconduct.
Polymarket reportedly raised $1 billion in August, with $300 million coming from 1789 Capital, Donald Trump Jr.’s venture capital firm. In an April fundraising round, Intercontinental Exchange reportedly invested $600 million, while a consortium led by hedge fund D.E. Shaw contributed another $400 million.