EddieJayonCrypto
12 Sep 25
Polymarket is in talks for a funding round that could raise its valuation to $10 billion, tripling its current value. This follows regulatory approval from the CFTC, allowing the platform to resume US operations after a hiatus since 2022. Donald Trump Jr. joined Polymarket’s advisory board, and th...
**Polymarket Eyes $10 Billion Valuation Amid Regulatory Breakthroughs and High-Profile Backing** Prediction market platform Polymarket is reportedly in talks for a funding round that could skyrocket its valuation to $10 billion—tripling its current worth. Business Insider reported on Sept. 12 that at least one investor has submitted a term sheet valuing the company at that staggering figure, though a spokesperson for Polymarket declined to comment on the talks. This potential leap in valuation follows a series of strategic moves aimed at repositioning Polymarket for a US comeback. The most significant of these came in September, when the Commodity Futures Trading Commission (CFTC) granted regulatory approval for the platform to resume operations in the US. The approval came via a “no-action letter” issued to QCX LLC, Polymarket’s regulatory partner, which the company acquired for $112 million in July. This greenlight is a game-changer. It allows Polymarket to offer event-based contracts—where users bet on outcomes like political elections or sports events—while complying with federal derivatives regulations. The approval marks a return to the US market after the platform halted operations in 2022 following a $1.4 million CFTC settlement over unregistered derivatives trading. Adding another layer of credibility, Donald Trump Jr. joined Polymarket’s advisory board in August, alongside a strategic investment from his venture capital firm, 1789 Capital. The move brings political expertise to the table, with Trump Jr. praising the platform for cutting through “media spin and so-called expert opinion.” Polymarket CEO Shayne Coplan called the partnership a reinforcement of the company’s role as a “trusted information source,” while founder Omeed Malik highlighted its unique blend of financial innovation and free expression. Yet, the road to a US revival isn’t without hurdles. Data from a Dune dashboard by Richard Chen of Varrock shows that Polymarket’s trading volume has surged to $8.5 billion year-to-date as of Sept. 12—surpassing last year’s total. However, this growth has come amid a decline in user activity. Monthly active traders peaked at 454,664 in January but dropped to 226,442 in August, a 20% decline from July. New users also fell sharply, plunging 33% between July and August to hit 66,160—the lowest level in a year. The numbers paint a paradox: higher trading volume despite fewer users. Some analysts suggest this could reflect increased engagement among existing users, perhaps due to larger bets or more high-stakes events being traded. But with the US market now within reach, Polymarket’s ability to reverse the user decline—and prove its scalability—could be the key to justifying that $10 billion valuation. As the platform navigates this pivotal moment, one question looms: Will its regulatory compliance, celebrity endorsements, and growing trading volume be enough to spark a US resurgence? Or is the $10 billion target a bold gamble in a market still wary of prediction platforms? The answer may hinge on whether Polymarket can turn its recent momentum into lasting growth.