World Cup Boost Drives Polymarket Daily Volume Above $200 Million, Annualized Revenue Tops $1 Billion
JOON HYOUNG LEE
Summary
- Global prediction-market platform Polymarket said its daily trading volume has topped $200 million.
- Polymarket also said its annualized revenue has climbed above $1 billion.
- The start of the World Cup lifted prediction-market trading volume, helping Polymarket's weekly volume reach a record high.
Forecast Trend Report by Period
Polymarket, a global prediction-market platform, said its daily trading volume has exceeded $200 million.
BlockBeats and other outlets reported on June 26 that Polymarket's daily volume topped $200 million that day. That marks nearly a fourfold increase from about $50 million in mid-May. The jump also pushed Polymarket's annualized revenue above $1 billion.
The World Cup was behind the surge in trading activity. BlockBeats said the tournament's opening has continued to drive volume across prediction-market platforms. Polymarket's weekly volume also reached an all-time high during the World Cup after declining in April and May.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul