Trading volume on Polymarket’s US exchange surged from June to October, fueled by sports betting, even as the platform faces mounting regulatory scrutiny.
Trading on Polymarket’s US exchange more than tripled between June and October, up about 266% as the company faced state and federal scrutiny.
Monthly volume rose to $14.77 billion from $4.04 billion over that period, according to data from analytics platform TickerTracker, which counts trades at the contracts’ full payout value.
Polymarket told CNBC on Tuesday that its annualized revenue had topped $1.8 billion, up from more than $1 billion in June.
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