Polymarket's U.S. platform trading volume grew approximately 266% from June to October

深潮 TechFlow reported on November 11 that, according to Cointelegraph, monthly trading volume on Polymarket's U.S. platform rose from $4.04 billion in June to $14.77 billion in October, an increase of approximately 266%. Data comes from analytics platform TickerTracker, with trading volume calculated based on the full redemption value of contracts.

In October, portfolio contract trading volume was $8.6 billion, accounting for 58.2% of the month's total; sports contract trading volume was $4.57 billion, accounting for 31%. Polymarket told CNBC that its annualized revenue has exceeded $1.8 billion, up from more than $1 billion in June.

The report noted that U.S. states are questioning whether federally regulated prediction markets can offer sports contracts without state gambling licenses. The New York Attorney General sued Polymarket in September, alleging that its sports-related event contracts violate state gambling laws.

Source: 深潮 TechFlow