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Polymarket passes 1 billion dollars in annualized revenue as 20 states litigate against prediction markets, Crypto News reports
- Polymarket passes 1 billion dollars in annualized revenue as 20 states litigate against prediction markets, Crypto News reports — Crypto News reported Polymarket crossed 1 billion dollars in annualized revenue by late June 2026, six weeks after lifting its US waitlist, and is seeking to raise 1 billion dollars at a valuation above 20 billion dollars. Twenty states are in active litigation arguing sports event contracts are illegal gambling, 44 state attorneys general have told the CFTC it has no authority over sports prediction markets, and a Ninth Circuit ruling on August 28 said states can regulate the markets as gambling. (Crypto News)
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