Polymarket Tops $1B Annualized Revenue Six Weeks After U.S. Exchange Launch

Polymarket surpassed $1 billion in annualized revenue six weeks after launching its U.S. exchange. According to NS3.AI, Dune Analytics data shows the platform’s U.S. trading volume increased from around $50 million per day in mid-May to more than $200 million on June 20. Polymarket also said it will fully reimburse impacted users after hackers stole approximately $3 million in crypto. The company attributed the theft to a compromised third-party vendor.