Polymarket US trading volume jumps 266% despite regulatory battles
Summary
Polymarket’s US exchange volume climbed 266% from June to October, reaching $14.77 billion, according to TickerTracker. Combo contracts made up 58.2% of October volume, followed by sports at 31%. The company said annualized revenue exceeded $1.8 billion. Growth followed expanded US access, the FIFA World Cup and increased election trading. Polymarket is reportedly seeking $1 billion in funding at a $21 billion valuation. The platform also faces regulatory and legal challenges over whether sports event contracts are subject to federal commodities rules or state gambling laws, including a New York lawsuit and disputes involving the CFTC and multiple states.
