Blockratize Inc. (Polymarket)

Polymarket is a privately held, cryptocurrency-based prediction market platform headquartered in Manhattan, New York City. Its mission is to leverage free markets to provide unbiased, real-time insights into significant global events, positioning itself as the internet's "Truth Machine." The company's corporate office is located at 1280 Lexington Avenue, Suite 1448, Front 2, New York, NY 10028, United States.

Polymarket offers a platform for individuals to trade on the outcomes of real-world events, including sports, economic indicators, weather, awards, politics, and military conflicts. Users deposit USDC cryptocurrency via the Polygon blockchain network to buy and sell shares that reflect the probability of specific future outcomes. Unlike traditional bookmakers, Polymarket facilitates peer-to-peer trading and generates revenue primarily through small transaction fees on executed trades.

Founded in 2020 by Shayne Coplan, who serves as CEO, Polymarket has seen rapid growth, reaching a valuation of $9 billion by February 2026. In October 2025, Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, made a strategic investment of up to $2 billion. The company re-entered the U.S. market legally in July 2025 by acquiring QCEX, a CFTC-licensed exchange, and reported annualized revenue exceeding $1 billion as of June 2026, shortly after expanding its U.S. operations. However, Polymarket is currently facing renewed regulatory scrutiny and a federal investigation by the CFTC regarding its marketing practices and alleged deceptive advertising. On June 29, 2026, Polymarket confirmed a cyberattack that resulted in the theft of approximately $3.1 million in user funds due to a compromised third-party vendor, with the company committing to full refunds for affected users.