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Polymarket operates a decentralized prediction market where users trade crypto against outcomes of real-world events, from elections to sports. Bets are placed by buying and selling shares tied to event results; outcomes are resolved by decentralized oracles and rewards are paid in cryptocurrency. The platform blends a familiar trading interface with blockchain-based transparency and immutability, and it now operates in the U.S. through the acquisition of QCX, a CFTC-licensed exchange. Its goal is to offer hedging and speculative opportunities on real-world events while combining crowd-sourced forecasting with regulated crypto trading in the United States.
Industries
Data & Analytics
Fintech
Crypto & Web3
Financial Services
Company Size
201-500
Company Stage
Growth Equity (Venture Capital)
Total Funding
$3.9B
Headquarters
New York City, New York
Founded
2018
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Total Funding
$3.9B
Above
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Funded Over
7 Rounds
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Polymarket is in early talks to raise about $1 billion at a valuation above $20 billion.
The reports come after the company told CNBC in June that its annualized revenue was well above $1 billion.
Blockratize, the company behind Polymarket, received a $39,727 Paycheck Protection Program loan in June 2020, the same month Polymarket entered beta testing. The loan was repaid in July 2021. Less than two years later, in January 2022, the Commodity Futures Trading Commission fined Blockratize $1.4 million and ordered it to wind down Polymarket's US operations for operating an unregistered prediction market. A Panama-based company, Adventure One QSS, took over Polymarket's operations after 2022. However, some employees reportedly continued working from the US, and Americans could still access the platform using virtual private networks. Last year, Polymarket launched a US-based app with lower trading volume after its CEO acquired a licensed firm. Donald Trump Jr now serves as an adviser, with his venture capital firm among its investors.
Blockchain.com has partnered with Polymarket to embed prediction markets directly into its app for eligible users. The integration allows users to trade on real-world outcomes using digital assets they already hold, without switching platforms. The partnership launches as prediction market activity reaches record highs. Polymarket has generated more than $4.2 billion in volume across global football matches alone, with total football volume exceeding $5 billion over the past year. Blockchain.com serves more than 43 million verified users worldwide and operates in over 70 jurisdictions. Since 2011, the company has processed more than $1.1 trillion in crypto transactions. Polymarket operates as a CFTC-regulated designated contract market under the Commodity Exchange Act. The platform spans markets in politics, economics, science, technology, sports and culture.
Polymarket launches combo trading feature, bringing parlay-style bets to prediction markets. The new feature lets users bundle multiple prediction market positions into a single trade, starting with sports markets. 2 hours ago Polymarket just rolled out one of the most requested features in prediction markets: the ability to combine multiple bets into a single position. Think of it as the crypto-native version of a parlay, the betting format that turned your friend's $10 NFL Sunday wager into either a very good or very bad Monday morning. The feature, called Combos, went live around June 10-11 and allows users to bundle picks across different markets into one YES or NO trade. The catch, as with any parlay, is that every single leg needs to resolve in the user's favor for a payout. Get four out of five right and you still walk away with nothing. How Combos actually work. The platform introduced a Request-for-Quote (RFQ) mechanism that routes Combo trade requests to competing market makers. Those market makers then race to price and fill the order. Market makers have 400 milliseconds to submit their quotes, and users get 10 seconds to accept once a price comes back. Payouts are calculated by multiplying the implied probabilities of each individual leg together. So if you combine three positions each priced at 50% probability, your Combo payout reflects the combined 12.5% chance of all three hitting. One notable design choice: Combo positions remain tradable until they resolve. That means if you're sitting on a four-leg Combo and three legs have already won, you can sell your position to someone else rather than sweating out the final outcome. Sports first, everything else later. For now, Combos are limited to sports markets, covering moneyline, spread, and totals betting. Polymarket has signaled plans to expand the feature into other market categories, but the initial rollout is focused squarely on sports. Polymarket published official help documentation and developer guides on June 22 to support both retail users and the market makers who power the RFQ system. The platform continues to operate on the Polygon blockchain, maintaining its peer-to-peer order book model for standard single-market trades while running the new RFQ pathway specifically for Combos. No new tokens were announced alongside the feature launch, and a native Polymarket token remains unreleased as of July 2026. What this means for prediction market traders. Combos are fundamentally a higher-risk, higher-reward product. You're trading probability of any single outcome for amplified returns when everything breaks your way. There's real risk here for users. The all-or-nothing nature of Combos means a single incorrect leg wipes out the entire position. And while the tradability of Combo positions partially mitigates this by allowing early exits, liquidity on secondary Combo markets may be thin, especially in the early days of the feature. Disclosure: This article was edited by Editorial Team. For more information on how Crypto Briefing create and review content, see its Editorial Policy.
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Industries
Data & Analytics
Fintech
Crypto & Web3
Financial Services
Company Size
201-500
Company Stage
Growth Equity (Venture Capital)
Total Funding
$3.9B
Headquarters
New York City, New York
Founded
2018
Find jobs on Simplify and start your career today