Polymarket says annualized revenue has topped $1.8 billion

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Prediction market platform Polymarket has surpassed $1.8 billion in annualized revenue, the company told CNBC on Tuesday. That's up from June, when Polymarket disclosed that its annual revenue run rate was north of $1 billion , following the launch of its domestic exchange in May. Polymarket's revenue is being fueled by growth in that U.S. exchange, which operates as a separate trading venue from its decentralized finance international platform. The domestic exchange saw more than $14.5 billion in notional volume in October, up from $4 billion in June, according to data analytics platform TickerTracker.