Polymarket Says Annual Revenue Tops $1.8 Billion, Up From $1 Billion in June

Polymarket's US exchange volume rose about 266% from June to October, reaching $14.77 billion. The company says its annualized revenue now tops $1.8 billion, up from $1 billion in June. Combo contracts made up 58.2% of October volume, ahead of sports contracts at 31%. Polymarket is reportedly seeking $1 billion at a $21 billion valuation.