Update
Polymarket US Surges in Sports Betting Turnover
Polymarket, a prediction market platform, saw a 78% increase in its face-value turnover in the 30 days through October 26, with sports accounting for 98.2% of that turnover. The platform's US exchange recorded $13.7 billion in contract-face-value trading, with sports contributing $13.5 billion. This surge is part of a broader regulatory dispute over the platform's US operations and the fight over who regulates prediction markets.