Co-polymerization of dialkynylbenzene with benzenedithiol proceeds regio-and stereoselectively in the presence of transition metal catalysts, affording the corresponding poly(phenylene vinylene sulfide) in good yield. In the presence of palladium acetate as catalyst, Markovnikov addition takes place selectively, whereas chlorotris(triphenylphosphine)rhodium-catalyzed reaction affords anti-Markovnikov adduct with excellent regio-and stereoselectivity.