Polymarket Hits $1 Billion Annualized Revenue Milestone Post US Launch
Polymarket, the predictions market platform, has achieved $1 billion in annualized revenue just six weeks after launching its US exchange. Trading volume on the platform surged from $50 million daily in mid-May to over $200 million by June 20, according to Dune Analytics data.
The US launch follows the lifting of a 2022 operational ban, with the platform now offering expanded features including private company trading. 'We spent five years building the world’s largest prediction market,' a company spokesperson told CNBC, emphasizing intuitive design and institutional-grade liquidity.
Global weekly volume also reached record highs during the World Cup, underscoring the platform's rapid growth trajectory.
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