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.
Company Size
501-1,000
Company Stage
Growth Equity (Venture Capital)
Total Funding
$3.9B
Headquarters
New York City, New York
Founded
2018
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