Other
Jan 2022The CFTC announced a $1.4 million settlement and cease-and-desist action over allegedly unregistered event contracts; Polymarket agreed to wind down non-compliant markets and block U.S. users.
SourceCompany research
Public company, workplace, funding, and market signals
Updated Aug 5, 2026
Overview
Polymarket is a New York-founded financial-technology and crypto company operating a decentralized prediction-market platform. Users trade YES/NO outcome contracts on real-world events, with market prices serving as continuously updated crowd-implied probabilities. The company positions the product as an information market that helps separate signal from noise, rather than merely a betting venue.
Primary product
Polymarket prediction-market platform, including international blockchain-based markets, regulated U.S. exchange access, market data, APIs/SDKs, and related institutional data distribution.
Founded
2020
Headquarters
New York City, New York, United States
Team size
200-300 (third-party LinkedIn/company data); other public sources report 51-100, so the exact current count is uncertain
Work style
Flexible
Industry
Financial technology / Software Development
Sub-industry
Prediction markets, event contracts, cryptocurrency and blockchain trading infrastructure
Offices
New York City, New York, United States
Business model
Transaction/trading-related revenue from prediction markets
Institutional licensing and distribution of event-market data
API/SDK and developer-platform ecosystem
Regulated U.S. exchange operations
Funding
Stage
Private, late-stage venture / growth financing; reported 2026 fundraising discussions are not necessarily closed
Latest round
Reported April 2026 financing round · Apr 2026
Strategic investment / reported financing
Mar 2026 · Intercontinental Exchange
Oct 2025 · Intercontinental Exchange
People & investors
Leadership
Founder and CEO
Hayk Mkrtchyan
Engineering lead, U.S. exchange
Neal Kumar
Executive leadership; exact current title not reliably public
Nelson Perla-Ward
Executive leadership; exact current title not reliably public
Kunal Roy
VP of Engineering, Polymarket US
Cesare Naldi
Head of Dev Tooling
Kai Brusch
Head of Data
Kyra Ayo Caros
Head of Corporate, Legal
Work & culture
Public careers and recruiting material describes a mission-driven, high-ownership environment focused on decentralized finance, information markets, quantitative trading, derivatives, and execution speed. Third-party engineering coverage characterizes the culture as startup-like, technically demanding, trader-adjacent, and favoring co-location for core engineering, while some remote roles exist.
Work style
Flexible
Compensation
Public job postings signal competitive salary plus equity but generally do not disclose standardized ranges. Third-party estimates place senior engineering total compensation roughly in the $250,000-$370,000 range, but these are not official company figures and should be treated cautiously.
Benefits
Competitive salary and equity
Unlimited PTO
Health, vision, and dental coverage
401(k) match
New MacBook Pro and display/accessories hardware setup
Product & market
Pricing
Trading markets use outcome contracts and crypto/stablecoin settlement; public sources reviewed do not establish a single universal fee schedule. Data/API and institutional distribution may be commercial, but detailed pricing was not found.
Differentiators
- —Transparent, market-based implied probabilities in real time
- —Blockchain-based settlement and public verifiability
- —Peer-to-peer marketplace rather than a centralized house
- —Broad coverage spanning politics, geopolitics, sports, finance, crypto and culture
- —Strong media visibility and data partnerships
- —International scale combined with a regulated U.S. exchange strategy
- —Public APIs, SDKs and developer ecosystem
Technology
Scale & contact
Estimated revenue
Reported annualized revenue was well above $1 billion in June 2026; this is a run-rate claim, not audited annual revenue.
Estimated monthly visits
30M
Traffic estimate as of Aug 2026
Signals & risks
Acquisition
Jul 2025Polymarket acquired CFTC-licensed exchange and clearinghouse QCEX for $112 million to support regulated U.S. market access.
SourceAcquisition
Mar 2026Latest news
CNBC · Aug 2026
CNBC reported that Polymarket was discussing a potential new round at a valuation above $20 billion and said the company had reported annualized revenue well above $1 billion.
CoinDesk · Aug 2026
CoinDesk reported possible new financing discussions and described competition from Kalshi, Coinbase and Robinhood.
CNBC · Jun 2026
CNBC reported an ongoing CFTC inquiry connected to alleged misleading promotional content; Polymarket said it was auditing promotional material.
CoinDesk · Mar 2026
Polymarket acquired Brahma, bringing in its team and blockchain execution/settlement technology; deal terms were undisclosed.
Open Positions
65 jobs at Polymarket
Senior Investigation Analyst
On-site
Data
New York
4d ago
On-site
Full-time