Company Highlights
Note: Regulation of prediction markets is a hotly contested political and legal issue. State gaming regulators across the country allege that companies such as Polymarket are violating state laws by offering event contracts similar to sports bets. As a result, Polymarket has been the subject of state and federal scrutiny, and future legal or regulatory developments could impact the company’s operations. Please see footnote 4 for additional details.
One of the Largest Prediction Marketplaces
Polymarket is a decentralized prediction marketplace on the Polygon blockchain. Users can bet USDC stablecoins on real-world events, including political elections, Federal Reserve decisions, sports outcomes, and entertainment awards. Unlike traditional prediction or derivatives exchanges, Polymarket charges no fees on deposits, withdrawals, or mid-market trades. This approach has helped Polymarket become one of the largest crypto-native exchanges by weekly active traders.⁶
From $73M to $9B in Trading Volume in One Year
Polymarket hit an inflection point with the 2024 U.S. presidential election, when bettors wagered over $3.3B on Trump vs. Harris. That surge in activity saw trading volume grow from $73M in 2023 to about $9B in 2024, with monthly volume hitting $3.02B in October 2025. Polymarket is pivoting aggressively into sports as the platform competes neck-and-neck in weekly trading volume with Kalshi.⁶ Polymarket also acquired derivatives exchange QCEX for $112M in July 2025, allowing the company to re-enter the U.S. market after settling with the CFTC in 2022.⁹ See footnote 4 below.
$2.16B Raised From VCs Like General Catalyst & Founders Fund
Polymarket has raised $2.16B to date from established VCs like General Catalyst and Founders Fund.⁶ In October 2025, CEO Shayne Coplan disclosed $205M in previously unannounced funding, including a 2025 round with an estimated $1.2B valuation.¹⁰ The announcement was followed by a commitment from Intercontinental Exchange to invest up to $2B at an estimated $9B valuation, as well as reports that Polymarket was in “early discussions” to raise funds at an estimated $12-$15B valuation.⁸
CNBC: Prediction Markets Could Hit $1T in Annual Trading Volume
According to Forbes, the “convergence of distribution, regulatory legitimacy, and institutional adoption suggests prediction markets are transitioning from niche platforms to embedded financial infrastructure.”¹¹ And in a recent poll of market structure experts, about 75% of respondents said “prediction markets will give institutional investors a new vehicle for speculation on world and financial events.”¹² If these trends continue, CNBC reported that prediction markets could potentially reach $1T in annual trading volume by the end of this decade.⁵
Further Research
The information may not be accurate or complete and has not been independently verified. See footnote 3.
Polymarket
Polymarket Expands to Solana Through Jupiter DEX Integration
Polymarket and Major League Soccer Reach a Prediction-Market Deal
The Wild Markets Behind Polymarket’s ‘Truth Machine’
Notable Investors
Founders Fund2
OpenAI, SpaceX, Stripe, Anduril Industries, Palantir
Peter Thiel2
Affirm, Brex, Affirm, Stripe, OpenAI
General Catalyst2
Anthropic, Airbnb, Ramp, Altos Labs, Warby Parker
Coinbase Ventures2
Crusoe, FTX, Blockchain.com, ConsenSys, Dapper Labs
Industry
Financial Software
Employees
40
Website
www.polymarket.com
Total Raised as of Oct 2025
$2.26B
Most Recent Est. Valuation (based on Preferred Stock)
Last listed est. valuation (Forge Intelligence): $9.00B (2025)
This valuation is in connection with offerings of Preferred Stock and based on the prices of the Preferred Stock at that time. Series Polymarket owns Series B Preferred stock. Unless otherwise indicated, the information herein is based on information obtained from Pitchbook and Forge Intelligence. This information is from publicly available sources, and we do not guarantee its accuracy or completeness. Past performance and valuations are not indicative of future results, and investors should not assume that investments in Series Polymarket will increase in value. Valuation is not static and can fluctuate based on various factors. See full details in footnote 2.
*pps = price per share
The value of the offered interests may not be directly equivalent to those of the existing shares of Blockratize Inc. (d/b/a Polymarket) and may have differing material rights. Series Polymarket has the right to purchase additional shares in its sole discretion and purchase additional shares of the underlying company. Assuming no reorganization or other corporate events in the underlying company, there will be 1-1 correspondence between the number of shares owned by Series Polymarket and the number of shares in the Series outstanding.
This offering is not eligible for any bonus shares. Any reference to bonus shares or similar terms should not be interpreted as an offer or entitled to bonus shares.
DISCLAIMERS
1. Blockratize Inc. (d/b/a Polymarket) is not participating or involved in this offering and the availability of company information does not indicate endorsement, support, or involvement with StartEngine Private LLC or its affiliates. StartEngine Private LLC purchases shares from current and former employees, early investors, and advisors of the company. When investing in a company on StartEngine Private, you are purchasing an interest in a series of StartEngine Private LLC, a Delaware limited liability company (the “Series LLC”), which was created to hold shares of a privately held company. An investor will not directly own or hold shares of the private company but instead will own member interests in a series of the Series LLC, which may directly or indirectly hold shares in the company. There may not be a one-to-one economic parity on the value of the Series LLC interests and Polymarket shares.
This is a Regulation D, Rule 506(c) offering, available only to accredited investors. It is speculative and illiquid, and investors should be prepared to hold the securities indefinitely and may lose their entire investment.
StartEngine Advisers LLC manages the Series LLC and reports as an exempt reporting advisor (“ERA”) to the Securities and Exchange Commission, an advisor not required to register as a registered investment advisor.
The underlying securities of Series Polymarket are subject to restrictions on transferability and resale. As such, Polymarket has the first right to purchase the securities should Series Polymarket wish to sell or transfer them. These restrictions may limit Series Polymarket’s ability to dispose of the securities.
Expenses, including transaction, brokerage, administration, insurance, extraordinary, and disposal costs, will be the responsibility of Series Polymarket. These expenses may reduce the amount you receive from a liquidation or distribution event. Additionally, StartEngine Primary LLC representatives may receive commissions in connection with this offering, including for recommending investments to accredited investors.
Neither StartEngine nor its affiliates provide investment, legal, or tax advice. Investors should carefully review all offering documents, including the subscription agreement and risk disclosures, and consult their own financial, legal, and tax advisors before investing.
2. Unless otherwise indicated, the information on this webpage and our marketing materials for Series Polymarket is sourced from PitchBook and Forge Intelligence as of February 2, 2026, which maintain records of funding rounds and valuations. Because company information is sourced from publicly available information, we do not guarantee their accuracy or completeness of this information, which may be subject to errors, omissions, or changes over time, and it has not been independently verified by us or any of our affiliates. This information should not be considered financial or investment advice.
3. The links provided below are for informational purposes only. Their presence does not imply endorsement, and the accuracy or completeness of the information presented cannot be guaranteed.
4. Unlike legal sportsbooks, companies like Polymarket can operate in all 50 states, including California and Texas, where sports betting is illegal. However, regulators allege that these companies are violating state laws by offering event contracts similar to sports bets.
Previously, Polymarket was barred from operating in the U.S. due to a settlement with the Commodity Futures Trading Commission (CFTC). In July 2025, Polymarket acquired QCEX, a CFTC-licensed derivatives exchange. This gave Polymarket access to existing CFTC licenses and allowed the company to operate as a fully compliant Designated Contract Market. The CFTC effectively green-lit Polymarket’s return to the U.S. by issuing a “no-action” letter in September 2025, and the platform officially relaunched its U.S. version in December 2025.
While regulators didn’t immediately rush to curtail Polymarket’s operations, they reportedly began closely monitoring how existing legal challenges play out before deciding whether to act.
On January 15, 2026, The Nevada Gaming Control Board sued the corporate entity behind Polymarket, claiming that “Polymarket’s event contracts are wagers.” On January 31, 2026, a state court judge ruled that Polymarket is barred from offering event contracts in Nevada for an initial period of 14 days, which would overlap with Super Bowl LX. The judge added that the state’s gaming regulator is “reasonably likely to prevail on the merits of the underlying case.”
On February 2, 2026, New York Attorney General Letitia James released a pre-Super Bowl “consumer alert,” claiming that event contracts offered on prediction markets could violate New York's gambling laws and put users in the state at “significant financial risk.” James’ statement was viewed as a signal of her willingness to take legal action against the industry.
Future legal or regulatory developments could impact Polymarket’s operations.
Sources: Ben Horney, “Why Polymarket Has Avoided Legal Pushback So Far,” Front Office Sports, December 30, 2025; Sofoluwe Mayowa, “Is Polymarket Legal in the U.S. in 2026?,” Gambling Insider, January 26, 2026; Ben Horney, “Polymarket Barred From Nevada for at Least Two Weeks,” Front Office Sports, January 31, 2026; Shwetha Surendran, “NY Attorney General Takes Aim at Prediction Markets,” ESPN, February 2, 2026;
5. Source: Contessa Brewer, “Prediction Markets Could Hit a Trillion Dollars in Trading Volume by the End of This Decade, New Report Says,” CNBC, December 17, 2025
6. Source: Sacra, “Polymarket,” Web Page, Accessed February 3, 2026
7. Source: Marsbit, “Data Estimates Show Polymarket's Annual Revenue Could Easily Exceed $100 Million,” HTX, January 28, 2026
8. Source: Anusha Shah, “Polymarket Seeks Funding at a Valuation of up to $15 Billion, Bloomberg News Reports,” Reuters, October 22, 2025
9. Source: Katherine Ross, “Polymarket Acquires QCEX for $112M,” Blockworks, July 21, 2025
10. Source: Naga Avan-Nomayo, “Polymarket Discloses Past Funding Rounds Totaling $205 Million Before $2 Billion ICE Investment,” The Block, October 8, 2025
11. Source: Anastasia Chernikova, “How Prediction Markets Are Becoming Financial Infrastructure,” Forbes, December 20, 2025
12. Source: Emily Nicolle, “Wall Street Pros See Potential, Obstacles in Prediction Markets,” Bloomberg, January 29, 2026
