Polymarket told CNBC that its annualized revenue has climbed past $1 billion as trading volumes reached new highs across its platforms. The company reported particularly strong activity on its international service, where trading volumes hit all-time records amid engagement tied to the FIFA World Cup.
On the U.S. side, daily trading volumes rose sharply in recent weeks, moving from roughly $50 million in mid-May to in excess of $200 million by June 20. Polymarket said this uptick followed its decision to lift the waitlist for the U.S. exchange mobile app approximately six weeks earlier. The firm has not launched a desktop version of the U.S. exchange, which remains unavailable.
Polymarket's U.S. operations have a notable regulatory history. The company was subject to a U.S. ban in 2022 related to registration issues. Subsequent inquiries by the Commodity Futures Trading Commission and the Department of Justice were closed without charges in July 2025. The U.S. exchange now operates as a fully CFTC-regulated entity and is run separately from the company's international decentralized finance, or DeFi, platform.
Context and recent changes
The company attributes recent growth in part to product-access changes on its U.S. exchange - specifically, removing the waitlist for the mobile app - and to elevated interest tied to a major international sporting event. The international platform's record volumes were linked by Polymarket to engagement around the FIFA World Cup.
Platform availability
Despite the surge in activity, Polymarket's U.S. exchange does not offer a desktop trading interface at this time. The firm's international DeFi platform remains distinct from the regulated U.S. exchange.
What this means for market participation
The firm reports higher revenue on an annualized basis and significantly increased daily trading on its U.S. exchange. The combination of regulatory resolution in the United States and recent product-access changes coincided with the spike in activity reported by the company.
Additional notes
Polymarket's regulatory matters in the U.S. concluded in July 2025 without charges, and the company now describes its U.S. exchange as fully CFTC-regulated and operationally separate from its international DeFi platform.