Polymarket · The company
Polymarket stock, valuation and owners
Whether you can buy Polymarket shares, what investors have valued it at, who owns and runs it, and how it makes money. Every figure is footnoted; none of it is investment advice.
The short answer
Polymarket is a private company, so there is no Polymarket stock to buy on an exchange. Its April 2026 round valued it at $15 billion, according to press reports.1 Its founder, Shayne Coplan, is CEO, and Intercontinental Exchange, which owns the New York Stock Exchange, is its best-known outside investor.1,2
Is Polymarket publicly traded?
No. Polymarket’s shares are not listed on any stock exchange, so it has no ticker symbol and no public share price. It raises money privately from investors. Intercontinental Exchange, which invested in Polymarket in 2025, is itself a public company, but owning ICE shares is not the same as owning Polymarket.2
Valuation and funding
Polymarket’s latest reported valuation is $15 billion. These are prices private investors paid in funding rounds, not a market price, and a reported round may not have closed on the terms described. In August 2026 it was reported to be in talks to raise $1 billion at $20 billion; no close had been reported when we last checked.1
| Date | Round | Amount | Valuation | Led by | Status |
|---|---|---|---|---|---|
| August 2026 | Reported talks1 | $1 billion | $20 billion | Not reported | Reported talks, not closed |
| April 2026 | April 2026 round1Included a $600 million cash investment from ICE. | Not reported | $15 billion | Not reported | Reported |
| Oct. 7, 2025 | Strategic investment from ICE2 | up to $2 billion | $8 billion (pre-investment) | Intercontinental Exchange | Announced by the company |
Who owns Polymarket
Polymarket has not published its ownership breakdown. Shayne Coplan is its founder and CEO.2 Its original operator, Blockratize, Inc., is a Delaware corporation based in New York City, and the CFTC found it began operating markets in about June 2020.3
Intercontinental Exchange announced a strategic investment of up to $2 billion in October 2025, and its April 2026 round reportedly included another $600 million in cash from ICE.1,2 For its U.S. business, Polymarket bought QCEX, the parent of a CFTC-licensed exchange and clearinghouse, for $112 million in July 2025.4 That exchange now runs as Polymarket US.
How Polymarket makes money
Prediction market exchanges match users with each other and charge a fee, rather than taking the other side of each bet as a sportsbook does.5
Polymarket US charges takers 0.0695 × contracts × price × (1 − price) on most markets, under a schedule effective Oct. 28, 2026, and pays rebates to high-volume makers.6 On the international site, which U.S. users can’t open new positions on, only takers pay, at rates that vary by category; geopolitics markets are free, and fees are charged in the USDC stablecoin.7,8
Its data has a second outlet: under the 2025 deal, ICE distributes Polymarket’s event-driven data to institutional customers.2
| Price per contract | Cost of 100 contracts | Taker fee, about |
|---|---|---|
| 10¢ | $10.00 | $0.63 |
| 50¢ | $50.00 | $1.74 |
| 90¢ | $90.00 | $0.63 |
Worked from the published formula at the standard rate, before any rebates or rounding. Some markets use a different rate; check the fee schedule before trading.
Polymarket US offers combos that join 2 to 10 markets into one position; every leg must win for the combo to pay, as in a parlay.9
Going public
Polymarket has not announced plans to go public. Its most recent reported step was fundraising talks in August 2026.1 We will update this page if that changes.
How it is regulated
Polymarket US runs on QC Exchange, which the CFTC approved as a contract market in July 2025.10 The international Polymarket site is a separate venue on which U.S. users can only close existing positions.8 The record on regulation, account checks and lawsuits is on is Polymarket legit?, and where it is blocked is on is Polymarket legal?
Questions
- Can I buy Polymarket stock?
- No. Polymarket is a private company and its shares are not listed on any stock exchange, so there is no Polymarket stock or ticker symbol to buy. It raises money from private investors.
- Is Polymarket publicly traded?
- No. Polymarket is privately held.
- What is Polymarket's valuation?
- $15 billion, from its April 2026 round. That is the price private investors paid, not a market quote. In August 2026 it was reported to be in talks at $20 billion.
- Who owns Polymarket?
- Polymarket has not published its ownership breakdown. It was founded by Shayne Coplan, and its outside investors include Intercontinental Exchange.
- Who is the CEO of Polymarket?
- Shayne Coplan, who founded the company.
- How does Polymarket make money?
- From trading fees. Polymarket US charges takers 0.0695 × contracts × price × (1 − price) on most markets, and the international site charges takers by category, with geopolitics markets free. ICE also distributes Polymarket's data to institutional customers.
- Is Polymarket going public?
- Polymarket has not announced plans to go public. It remains private and was reported to be raising more money in August 2026.
- Can you parlay on Polymarket?
- Polymarket US offers combos that join 2 to 10 markets into one position, and every leg has to win for the combo to pay, as in a parlay.
Company facts checked Nov. 7, 2026. Not investment, legal or tax advice. Spotted a change? Email contact@predictionmarketlaws.com.
Sources
- Dealroom News (Aug. 5, 2026)
- Intercontinental Exchange press release (Oct. 7, 2025)
- CFTC press release 8478-22 (Jan. 3, 2022)
- Polymarket announcement via Mondo Visione (July 21, 2025)
- The New York Times (republished by West Hawaii Today, Oct. 6, 2025)
- Polymarket US documentation: Fees (effective Oct. 28, 2026)
- Polymarket documentation: Fees
- Polymarket documentation: Geographic restrictions
- Polymarket US documentation: Combos FAQ
- CFTC, Order of Designation, QC Exchange (QCX LLC) (2025)