Regulators Target Prediction Market Polymarket as Platform Records $1.2 M Daily Revenue

Government regulators are moving to restrict or ban prediction‑market platforms, arguing public‑safety concerns while fearing that accurate, decentralized price signals could challenge state authority. The push targets platforms such as Polymarket, which recently introduced taker fees on its Polygon‑based markets.

Following the fee change, Polymarket posted a 24‑hour revenue of $1.18 million, overtaking decentralized trading platform Hyperliquid’s $815 K daily earnings. The surge represents a ten‑fold increase from its previous daily peak of $109 K and comes as the platform’s total value locked fluctuates between $330 million and $461 million. Analysts note that prediction‑market revenue can spike around major events and may later retreat, highlighting the sector’s volatility amid looming regulatory scrutiny.