Polymarket US trading volume jumps 266% despite regulatory battles

Polymarket experienced a significant jump in trading volume driven by sports contracts during the FIFA World Cup and US midterm election activity, despite ongoing regulatory challenges. The prediction market platform is reportedly pursuing a $1 billion funding round at a $21 billion post-money valuation. Meanwhile, Polymarket faces scrutiny from the CFTC and state lawsuits, including action from New York Attorney General Letitia James regarding sports-related event contracts. Open article →