TL;DR: After becoming the largest prediction market globally while operating outside the US, Polymarket acquired a CFTC-licensed exchange and launched in America in May 2026, with its trading mix shifting from politics to sports as it takes Kalshi on directly. Sacra estimates Polymarket hit $375M in annualized revenue in May 2026, now in talks to raise at a $15B valuation for a 40x multiple. For more, check out our full report and dataset on Polymarket...