Polymarket’s $14 billion US business is almost all sports bets as scrutiny returns
AI summary
Polymarket has built a $14 billion US trading business that is almost entirely driven by sports bets, according to a 30-day face-value tally that compares with $3.4 billion paid for contracts. Reuters reports renewed scrutiny of offshore access and separate US customer-protection checks. Traders should watch for regulatory action against prediction markets, which could affect how such platforms operate and how crypto-adjacent betting venues are treated in the US.
