Polymarket Annual Revenue Exceeds $1.8 Billion, U.S. Platform October Trading Volume Surpasses $14.5 Billion

The prediction market platform Polymarket has reported an annual revenue exceeding $1.8 billion, a significant increase from over $1 billion disclosed in June of this year. The revenue growth for Polymarket is primarily attributed to the launch of its U.S. platform in May, which operates independently from the international platform. According to TickerTracker data, the nominal trading volume on the U.S. platform in October surpassed $14.5 billion, compared to $4 billion in June. The increase in trading volume has been driven by the World Cup, the start of the NFL season, and the popularity of combination event contracts, with combination event contracts accounting for over 70% of the platform's trading volume on November 8.