Polymarket
Funding History
| Series A-7 · 10/2020 | $1.27 |
|---|---|
| Series A · 05/2024 | $6.47 |
| Series B-2 · 02/2025 | $8.45 |
| Series B · 02/2025 | $8.45 |
| Series C-1 · 08/2025 | $17.89 |
| Series C · 08/2025 | $17.89 |
| Series D · 10/2025 | $103.66 |
| Series E · 03/2026 | $144.08 |
About
Polymarket is a prediction market founded in June 2020 by Shayne Coplan and based in New York. Contracts pay out $1 if an event occurs and nothing if it does not, so a share price of 62 cents reads as a 62% implied probability.
- CEO
- Shayne Coplan
- Headquarters
- New York, New York
- Founded
- 2020
- Website
- polymarket.com
- Employees
- 453 (July 2026)
Overview
Polymarket is a prediction market. Users buy and sell shares in the outcome of a future event, and the price of a share reads as the market's implied probability that the event happens. Shayne Coplan founded the company in June 2020 in New York and still runs it as chief executive. Trading settles in the USDC stablecoin on the Polygon blockchain, and markets cover elections, monetary policy, armed conflict, sport, cryptocurrency prices and culture.
Regulatory history is central to the company. In January 2022 the Commodity Futures Trading Commission fined the operating entity $1.4 million and ordered it to wind down non-compliant markets, after which Polymarket blocked United States customers. It nonetheless became the venue of record for wagering on the 2024 United States presidential election. In November 2024 the FBI searched Coplan's Manhattan home; in July 2025 the Justice Department and the CFTC closed their investigations without charges.
The route back onshore was bought rather than litigated. In July 2025 Polymarket acquired QCEX -- the CFTC-licensed exchange QCX, LLC and its clearing house QC Clearing LLC -- for $112 million. CFTC approval followed, a limited United States relaunch began in December 2025, and the domestic exchange opened more widely in May 2026. Polymarket now runs two venues: the offshore on-chain market and a federally regulated United States exchange.
Capital followed the licence. Intercontinental Exchange, the owner of the New York Stock Exchange, committed up to $2 billion in October 2025 at roughly an $8 billion pre-investment valuation, and completed the commitment with a further $600 million in March 2026, taking its total exposure to about $1.64 billion. A round closing in April 2026 valued the company at $15 billion, and a $1 billion round led by 1789 Capital, reported on 31 August 2026, valued it at $21 billion. Its closest competitor, Kalshi, raised at $22 billion in May 2026.
Private securities are speculative, illiquid, and involve risk of complete loss of principal. You should be prepared to hold private securities for an extended period; there is no assurance of a secondary market, an IPO, or other liquidity event. You are fully responsible for conducting your own due diligence. Pricing is indicative — nothing here is an offer of securities.