🎯 Polymarket’s U.S. trading volume surged 266%, while regulatory disputes continue to heat up
According to data from analytics platform TickerTracker, monthly trading volume on Polymarket’s U.S. exchange rose from $4.04 billion in June to $14.77 billion in October, an increase of approximately 266%. Polymarket told CNBC that its annualized revenue has surpassed $1.8 billion, up from more than $1 billion in June.
Of October’s trading volume, combination contracts accounted for $8.6 billion (58.2%), while sports contracts ranked second at $4.57 billion (31%). Meanwhile, Polymarket is reportedly raising $1 billion at a post-money valuation of $21 billion.
However, New York’s attorney general sued Polymarket in September, alleging that its sports event contracts violate state gambling laws. The CFTC, meanwhile, maintains that it has regulatory authority over prediction markets. The dispute could ultimately reach the U.S. Supreme Court.
⭐ Prediction markets are expanding rapidly, but the jurisdictional dispute between federal and state authorities remains unresolved. The ruling will shape the compliance outlook for the entire sector.
#Polymarket #预测市场 #CFTC #CryptoRegulation
According to data from analytics platform TickerTracker, monthly trading volume on Polymarket’s U.S. exchange rose from $4.04 billion in June to $14.77 billion in October, an increase of approximately 266%. Polymarket told CNBC that its annualized revenue has surpassed $1.8 billion, up from more than $1 billion in June.
Of October’s trading volume, combination contracts accounted for $8.6 billion (58.2%), while sports contracts ranked second at $4.57 billion (31%). Meanwhile, Polymarket is reportedly raising $1 billion at a post-money valuation of $21 billion.
However, New York’s attorney general sued Polymarket in September, alleging that its sports event contracts violate state gambling laws. The CFTC, meanwhile, maintains that it has regulatory authority over prediction markets. The dispute could ultimately reach the U.S. Supreme Court.
⭐ Prediction markets are expanding rapidly, but the jurisdictional dispute between federal and state authorities remains unresolved. The ruling will shape the compliance outlook for the entire sector.
#Polymarket #预测市场 #CFTC #CryptoRegulation
