Polymarket has recorded $7.5 billion in volumes this year. | Credit: Fairfax Media via Getty Images via Getty Images.
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Key Takeaways
Polymarket has recorded over $7.74 billion in volumes so far this year.
Event contracts are considered gambling in certain jurisdictions.
Robinhood recently launched prediction markets for pro and college football leagues.
Crypto prediction platform Polymarket has drawn billions in volumes throughout 2025, and continues to ride high on its success during the U.S. Presidential Election.
Now, it’s getting ready to open services to previously restricted U.S. citizens, as Robinhood launches sports prediction markets in the States.
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As per Dune data, Polymarket has recorded over $618 million in volume so far in August, bringing the year’s total to more than $7.74 billion.
Polymarket monthly volumes. | Source: Dune.
The prediction market rose to prominence in 2024 with the U.S. Presidential race between Kamala Harris and Donald Trump, attracting billions in wagers.
This peaked in November when the platform tallied over $2.5 billion in volumes.
Polymarket maintained momentum throughout January 2025 with $1.2 billion in volumes. Since then, it’s continued to average above $1 billion in monthly volumes.
Though despite scrutiny from U.S. regulators, other nations, and drawing some scrutiny for some tasteless event contracts, Polymarket has drawn significant investment through funding rounds, allowing the platform to reach a $1 billion valuation.
Competition and Contention
Recently, trading platform Robinhood announced its foray into prediction markets, starting with NFL and college football.
They’re growing in popularity, especially in the U.S., where strict anti-sports betting laws have been upheld by most States. That is, until very recently.
It remains a contentious issue, as in the eyes of several U.S. States, event contracts are no different from gambling, especially in the context of sports.
This has seen Robinhood’s newly launched events contracts blocked by Nevada and New Jersey, against which the firm has launched lawsuits.
For this very reason, prediction market platforms have often been siloed away as crypto-first platforms. But Robinhood’s latest offerings, which don’t require crypto to participate, mark a watershed moment for events contracts.
A ruling in Robinhood’s favor could set a precedent going forward.
Furthermore, after previously being banned in the U.S., Polymarket was acquired by a U.S. derivatives exchange and will soon officially open up services to U.S. users.
Eddie is a gaming and crypto writer at CCN. Covering the often weird and wonderful world of Web3 with an adoring, but skeptical eye.
Prior to CCN, Eddie has spent the past seven years working his way through the crypto, finance, and technology industry. He began with PR and journalism with Bitcoin PR Buzz and BitcoinNews.com, eventually working his way to become a copywriter with a dozen firms, including the likes of Polkadot before returning to journalism in 2023.
Having studied Radio production and journalism at University in the UK, Eddie spent a few years making podcasts and presenting on a local London radio station as he built up his writing chops.
A lifelong skateboarder, Eddie can often be found at the skatepark or touring the streets looking for something new to try. That, or kicking back playing JRPGs on his original PSP.
