Polymarket US, the federally regulated arm of the world's largest prediction market, is generating monthly revenue in the low single-digit millions of dollars, according to publicly available data charting its performance from October 2025 through May 2026.
The figures, which show revenue ranging up to roughly $4 million per month, illustrate both the promise and the limitations of bringing a crypto-native betting platform inside the American regulatory perimeter.
To understand why a company processing billions of dollars in global trading volume is generating such modest US revenue, it helps to trace Polymarket's complicated history with American regulators.
Polymarket was founded in 2020 by Shayne Coplan as a blockchain-based platform where users could buy and sell contracts on real-world events, from election outcomes to economic data releases to sports results.
The platform uses smart contracts, self-executing code on a blockchain, to settle bets automatically when an outcome is confirmed.
In 2022, the Commodity Futures Trading Commission (CFTC), the US regulator responsible for derivatives markets, fined Polymarket $1.4 million for operating as an unregistered facility for trading commodity options.
The company agreed to stop serving US customers and shifted its operations offshore, even as its headquarters remained in New York.
Despite the ban, Polymarket grew explosively. By October 2025, weekly trading volume had surpassed $1 billion, driven by intense interest in the 2024 US presidential election, sports markets and geopolitical events.
The platform signed partnerships with X (formerly Twitter), Google, the NHL and the UFC, embedding prediction market data across some of the most-visited platforms on the internet.
Behind the scenes, Polymarket was laying the groundwork for a regulated US return. In July 2025, it acquired QCEX, a CFTC-registered derivatives exchange and clearinghouse, for $112 million.
Investigations by the CFTC and the Department of Justice into whether the company had continued serving US users were closed without charges the same month. In November 2025, the CFTC granted Polymarket an Amended Order of Designation, allowing it to operate an intermediated contract market in the United States.
Polymarket US, the entity that emerged from this process, operates as a Designated Contract Market (DCM) under full CFTC oversight. Users place bets on world events and sports through a regulated structure that includes surveillance systems, clearing procedures and regulatory reporting, the apparatus required of any federally supervised exchange.
But the US platform is not the same product as the international one. Polymarket US is not crypto-native; it does not use blockchain-based settlement or accept cryptocurrency deposits. It remains in beta, with a limited number of markets and modest trading activity compared with the offshore exchange, which continues to handle the vast majority of volume.
The revenue data, charted from the platform's launch through the current month, reflects this early stage. Monthly figures in the low millions suggest the platform is attracting users but has not yet achieved the liquidity or breadth of markets needed to compete with either its own international arm or domestic rivals such as Kalshi, which has operated under CFTC regulation since 2021 and recently partnered with Robinhood to reach its 100 million user base.
Polymarket is now seeking to close the gap. In April, the company approached the CFTC to request an end to the prohibition that still bars US customers from accessing its main international platform, where the real volume sits. If granted, the change could unify the two sides of Polymarket's business and bring billions of dollars in trading activity under federal oversight.
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In the meantime, the company signed Major League Baseball as its exclusive prediction market partner in March 2026, gaining access to official league data and branding, a deal designed to drive mainstream adoption in the American market.
The revenue chart is a snapshot of a company in transition: regulated, approved, generating income, but still waiting for the regulatory and product changes that would let its US business match the scale of the empire it built offshore.
The recap
- Polymarket US publishes monthly revenue chart through May 2026.
- Chart vertical axis ranges from $0 to $4m.
- Data available for download and via API on page.
