Polymarket's annual revenue exceeds 1.8 billion USD, with the US site having a trading volume of over 14.5 billion USD in October

The prediction market platform Polymarket stated to CNBC that its annual revenue has surpassed 1.8 billion dollars, further increasing from over 1 billion dollars disclosed in June this year. The revenue growth mainly comes from the domestic exchange launched in May this year, which saw a nominal trading volume exceeding 14.5 billion dollars in October, more than tripling from 4 billion dollars in June.

The increase in trading volume is driven by the demand for the FIFA World Cup, the NFL season, and Combo event contracts. Among them, Combo contracts accounted for over 70% of the platform's trading volume on Sundays. However, Polymarket still faces short-term regulatory hurdles. The Commodity Futures Trading Commission (CFTC) is conducting a broad investigation into the company, which involves its advertising methods and whether the company has violated the settlement agreement reached with the agency in the past. This agreement prohibits U.S. residents from accessing its international trading platform.