Prediction market platform Polymarket tops $1 billion in annualized revenue, source says
Summary
Polymarket has reportedly passed $1 billion in annualized revenue, reflecting rapid growth in prediction markets. The company has benefited from rising trading activity around elections, sports, and financial events. Its U.S. exchange rollout six weeks earlier appears to have helped drive the milestone. The article also notes growing interest from institutional investors and hedge funds, along with a prior $2 billion investment from Intercontinental Exchange.
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Financial Software
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$10M to $25M