Polymarket Tops $1 Billion in Annualized Revenue After US Launch
Polymarket said its annualized revenue has exceeded $1 billion, just six weeks after launching its exchange to U.S. customers. The prediction market platform, which allows users to trade on real-world events, also reported a sharp acceleration in daily volume from $50 million in mid-May to over $200 million on June 20, according to CNBC.
The revenue surge was largely driven by trading activity surrounding the FIFA World Cup. Polymarket’s rapid entry into the U.S. market has turned it into one of the fastest prediction platforms to reach the $1 billion annualized mark, capitalizing on heightened domestic demand for betting on major sporting events.
From the sources (2 posts)
@cointelegraph⚡️ NEW: Polymarket says its annualized revenue has topped $1B just six weeks after opening access to its U.S. exchange, per CNBC.
@coindeskLATEST: @Polymarket's annualized revenue surpasses $1B, with U.S. platform daily volume surging from $50M in mid-May to over $200M on June 20, fueled by FIFA World Cup trading.