Polymarket’s rapid expansion is continuing at a historic pace.
The prediction market operator told CNBC that its annualized revenue has surpassed $1 billion, reaching the milestone roughly six weeks after removing the waitlist for its U.S. exchange. The announcement comes during one of the busiest periods the industry has seen, with the FIFA World Cup driving elevated trading activity across prediction market platforms.
The figures underscore how quickly Polymarket has grown since reentering the U.S. market through a regulated exchange while continuing to expand its international decentralized platform.
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U.S. trading volumes surge after waitlist removal
Daily trading volume on Polymarket’s U.S. exchange climbed sharply after the company removed its waitlist in May.
Average daily volume increased from about $50 million in mid-May to more than $200 million by June 20, reflecting a substantial increase in user activity after broader access became available.
Polymarket initially launched its U.S. exchange in December, but access remained restricted until recently. The company currently operates primarily through its mobile app, while a desktop version has not yet launched.
Prediction markets have rapidly evolved from a niche segment tied to crypto and academic finance into a fast-growing trading category attracting mainstream retail participation.
FIFA World Cup sparks record prediction market trading
The FIFA World Cup has become one of the largest catalysts for prediction market activity in 2026.
Polymarket said its international platform reached record weekly trading volumes during the tournament after slower activity earlier in the spring. Sports-related contracts continue to represent one of the industry’s fastest-growing categories, with major global events consistently generating heavy trading interest.
The broader prediction market sector has also experienced accelerated growth during the tournament, as platforms compete to capture rising demand for event-based contracts tied to sports, politics and financial developments.
Polymarket rebuilds under U.S. regulatory oversight
Polymarket’s current U.S. operation differs significantly from the platform that previously served American customers.
The company exited the U.S. market in 2022 after reaching a settlement with the Commodity Futures Trading Commission over allegations it operated without proper registration. Earlier this year, federal investigations involving the CFTC and the Department of Justice concluded without charges being filed, according to CNBC.
Today, Polymarket’s U.S. exchange operates under CFTC regulation and remains separate from its international decentralized platform.
A company spokesperson told CNBC that Polymarket is using lessons from its global platform to build a U.S. product centered on simplified trading tools, institutional-grade liquidity and a more streamlined consumer experience.
Prediction market competition intensifies
Crossing the $1 billion annualized revenue mark represents another major milestone for Polymarket during a year of rapid expansion across the prediction market industry.
As competition intensifies among companies including Kalshi, Coinbase, DraftKings and Robinhood, the latest figures suggest demand for event contracts continues to grow despite ongoing regulatory scrutiny.
The sector’s recent growth also signals that prediction markets are increasingly moving into the financial mainstream as trading volumes and retail participation accelerate worldwide.