Polymarket Trading Volume Surges to $14.77 Billion
BITmarkets Team
Nov 11, 2026
According to data from analytics provider TickerTracker, monthly trading volume climbed from $4.04 billion in June to $14.77 billion in October, more than tripling over the four-month period.
The figures measure trades based on the contracts' full payout value, rather than the amount of money investors initially commit. Meanwhile, Polymarket told CNBC that its annualized revenue had exceeded $1.8 billion, compared with more than $1 billion in June.
Polymarket trading volume surges to $14.77 billion
Polymarket's US operations have expanded considerably since the platform broadened access to American traders in May 2026. The company began admitting US customers to a separate, domestically regulated exchange in late 2025, following a 2022 settlement with the Commodity Futures Trading Commission (CFTC) that required it to restrict American users from its international platform.
October's trading activity was dominated by combo contracts, which combine multiple predictions into a single position. These contracts generated approximately $8.6 billion in volume, accounting for 58.2% of all trading activity during the month.
Sports-related contracts represented the second-largest category, recording $4.57 billion in volume, equivalent to approximately 31% of the total. The platform also benefited from increased interest in sporting events earlier in the year, particularly during the FIFA World Cup, which took place between June 11 and July 19.
According to TickerTracker, soccer-related contracts generated $1.81 billion in trading volume during June, compared with just $85.4 million in May.
Political prediction markets also experienced increased activity surrounding the US midterm elections. During the first 10 days of November, election-related contracts recorded $108.2 million in trading volume, significantly exceeding the $16.6 million generated throughout September. However, political contracts accounted for only 2.2% of Polymarket's overall November trading volume during the reported period.
Alongside its operational growth, Polymarket is reportedly seeking additional investment through a $1 billion funding round. The proposed financing would value the company at approximately $21 billion after the investment.
Investment firm 1789 Capital, where Donald Trump Jr. serves as a partner, is reportedly leading the round and could contribute approximately $300 million.
Polymarket faces regulatory investigations and state lawsuits
Despite its expanding trading activity and revenue, Polymarket continues to face legal and regulatory scrutiny in the United States. Earlier in 2026, the CFTC was reportedly investigating the company, while US Senators John Curtis and Adam Schiff separately urged the regulator in June to examine allegations involving promotional practices.
The allegations suggested that Polymarket had paid social media influencers to promote fabricated trades, raising questions about transparency and compliance with advertising requirements. Responding to the claims, Polymarket told Cointelegraph that it was “conducting a comprehensive audit of active promotional content to ensure it complies with our standards, as well as applicable regulatory and legal disclosure requirements.”
The company is also involved in a broader dispute over whether sports-related prediction contracts should be regulated as financial derivatives or gambling products. In September, New York Attorney General Letitia James filed a lawsuit against Polymarket, alleging that its sports event contracts violated state gambling laws.
The legal action forms part of a wider series of challenges brought by state authorities against prediction market operators, including Kalshi. At the center of these disputes is whether federally regulated prediction exchanges can offer sports-related contracts without obtaining separate gambling licenses from individual states.
CFTC defends federal oversight of prediction markets
The ongoing regulatory conflict has intensified as the CFTC seeks to defend its authority over prediction market platforms. The federal regulator has pursued legal action involving 10 states in response to efforts by state authorities to apply gambling laws to prediction market contracts.
The dispute concerns the boundaries between federal commodities regulation and state-level gambling oversight, particularly when financial contracts are linked to sporting events. A potential resolution could eventually come from the US Supreme Court.
In September, New Jersey officials petitioned the court to review their legal dispute with Kalshi, seeking clarification over which regulatory authorities have jurisdiction over sports-related prediction markets. A Supreme Court ruling could have significant implications for Polymarket and other companies offering event-based contracts in the United States.
For now, Polymarket's trading activity continues to expand despite the uncertain legal environment. The platform's reported growth in trading volume, revenue and investor interest highlights the increasing popularity of prediction markets, while ongoing regulatory disputes could influence how the industry develops in the United States.
Sources:
https://cointelegraph.com/news/polymarket-us-trading-volume-jumps-regulatory-battles
https://www.cnbc.com/2026/11/10/polymarket-annualized-revenue-us-growth.html
