Polymarket Named to TIME100 Most Influential Companies 2025
Polymarket, the world’s largest prediction market platform, has landed on TIME’s prestigious 2025 list of the 100 Most Influential Companies.
Betting on the Future
The crypto-powered site, which lets users wager on everything from U.S. elections to global soccer matches, has taken the world by storm, handling over $800 million in monthly trading volume.
TIME spotlighted Polymarket’s role in the 2024 U.S. election, where users bet $1.5 million on Donald Trump’s victory compared to $1 million on Kamala Harris, signaling his momentum weeks before polls caught up.
Backed by a $200 million Series C round led by Peter Thiel’s Founders Fund, Polymarket’s valuation has soared past $1 billion, earning it “unicorn” status.
With over $100 million already raised, including $70 million in 2024, the company is eyeing global expansion in Asia and Europe, fueled by a new partnership with X, Elon Musk’s 600-million-user platform.
Bumps in the Road
However, it’s not entirely a rosy road. Polymarket faced regulatory heat in the U.S., paying a $1.4 million fine to the CFTC in 2022 for unregistered event contracts, leading to a ban on U.S. users.
In November 2024, FBI agents raided CEO Shayne Coplan’s apartment, seizing his phone as part of a probe into whether Polymarket skirted that ban, per Bloomberg.
The company’s since brought on former CFTC chair J. Christopher Giancarlo as an advisor to navigate the regulatory maze. A May 2025 misstep also stung when users bet $28 million on papal candidates, giving Robert Francis Prevost less than a 1% chance, only for him to become a contender, denting Polymarket’s predictive cred.
Despite these setbacks, Polymarket’s influence is undeniable. Its blockchain-based system, running on Polygon with USDC deposits, ensures transparency, with odds reflecting collective wisdom over traditional polls.
Vitalik Buterin, Ethereum’s co-founder, called it a “good social philosophy” for distilling information fast. The platform’s election predictions, with $3.3 billion wagered on Trump versus Harris, even caught the eye of Nate Silver, now a Polymarket advisor, who noted its 85% accuracy in 2024 election odds.
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