Polymarket's annualized revenue has surpassed $1 billion, and while trading volume is surging, the company is also under investigation by the CFTC.
CNBC has reported that Polymarket, a prediction market platform, has seen its annualized revenue exceed $1 billion (approximately 162 billion yen), and its daily trading volume has surged from approximately $50 million (approximately 8.1 billion yen) in mid-May 2026 to over $200 million (approximately 32.4 billion yen) by June 20th. However, it has also been reported that the U.S. Commodity Futures Trading Commission (CFTC) has launched a large-scale investigation into Polymarket, drawing attention to both its rapid growth and the regulatory risks it faces.
Polymarket annualized revenue surpasses $1 billion six weeks after its US exchange launch
Prediction market platform Polymarket tops $1 billion in annualized revenue, source says | Reuters
https://www.reuters.com/legal/transactional/prediction-market-platform-polymarket-tops-1-billion-annualized-revenue-source-2026-06-26/
US Begins Investigating Polymarket, a Test of a Key Regulator - The New York Times
https://www.nytimes.com/2026/06/26/us/politics/cftc-investigating-polymarket-trump.html
Polymarket, founded in 2020, is a service known as a 'prediction market' where users can bet on future events. It allows users to bet on a wide range of topics, from which candidate will win an election, to which team will win the World Cup, to whether the central bank will raise interest rates, and much more.
After its establishment, Polymarket offered its services to users in the United States, but in 2022, it was fined $1.4 million (approximately 227 million yen) and ordered to cease operations by the U.S. Commodity Futures Trading Commission (CFTC) for operating an unregistered trading facility. This resulted in the closure of its market, which did not comply with CFTC rules, and restrictions on use by U.S. users. Subsequently, Polymarket aimed to return to the U.S. market, and in November 2025, it received approval from the CFTC for an amended designation order, paving the way for its re-deployment as a regulated exchange. In December 2025, it gradually rolled out its U.S. app to waitlist registrants. Furthermore, on May 12, 2026, registration without an invitation code became possible for the iOS version.
Since the start of the FIFA World Cup 2026, Polymarket has seen a surge in World Cup-related trading. According to Reuters, Polymarket's annualized revenue has surpassed $1 billion, with an increase in individual investors trading contracts related to elections, sports, and financial events. CNBC reports that the daily trading volume of its US-based platform increased from approximately $50 million in mid-May 2026 to over $200 million by June 20.
Polymarket, originally a service that garnered attention in the context of cryptocurrencies and decentralized finance, is seeing a shift in perception from the financial industry due to its rapid expansion. Reuters explains that prediction markets have transformed from a niche area closely related to cryptocurrencies and academic financial experiments into a rapidly growing trading segment. Major financial institutions and hedge funds are also reportedly showing interest in the potential of using event-linked contracts for risk hedging and expressing market sentiment.
On the other hand, Polymarket's growth also presents regulatory challenges. The New York Times reported on June 26, 2026, that the CFTC was investigating Polymarket. The report suggested that Polymarket may have allowed transactions with U.S. users in violation of past agreements, but the CFTC has not disclosed details of its investigation.
Furthermore, following a Wall Street Journal report, two U.S. senators have called on the CFTC to investigate Polymarket's advertising practices. The report alleges that videos showing transactions and profits that did not actually occur were spread on social media. Polymarket has stated that it is committed to maintaining a transparent and fair market and will audit its promotional content.
Polymarket is allegedly paying creators to produce fake videos claiming to have won bets - GIGAZINE
A Polymarket spokesperson told Reuters that Polymarket is a product-driven company that has learned how people engage with large-scale markets over the past five years while building one of the world's largest forecast markets. They plan to apply the experience gained from the rapidly growing forecast market to the operation of their US-based platform.
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