Polymarket’s annualized revenue has surpassed $1 billion, according to CNBC. The milestone comes about six weeks after the prediction market platform lifted the waitlist for its U.S. exchange, which operates separately from its international decentralized finance platform.
The growth also comes as the FIFA World Cup has driven a surge in trading volumes across prediction market exchanges.
According to CNBC, volume on Polymarket’s U.S. platform increased from about $50 million per day in mid-May to more than $200 million on June 20, based on Dune Analytics data.
Polymarket’s international platform has also seen weekly trading volumes climb to all-time highs during the World Cup after declines in April and May.
Polymarket launched its U.S. exchange in December after previously being prohibited from operating in the country in 2022 for failing to properly register with regulators.
In July, the Commodity Futures Trading Commission and the Department of Justice dropped their investigations into Polymarket without charges. Polymarket U.S. now operates as a CFTC-regulated exchange.
The U.S. platform remained waitlisted from December until the company opened access through its mobile app six weeks ago. A desktop version remains unavailable, and U.S. users are directed on Polymarket’s website to scan a QR code to download the app for trading.
The revenue milestone highlights the rapid expansion of prediction markets as users increasingly trade on outcomes tied to sports, politics, business, and cultural events.
Polymarket’s recent traction also reflects growing competition in regulated prediction markets as platforms seek to capture mainstream consumer and institutional demand.
