Polymarket Reaches $25.7B Volume as U.S. Return Hinges on CFTC Chair
Prediction market activity is surging, with Polymarket recording $25.7 billion in March trading volume as retail users bet heavily on sports, politics, and crypto, according to The Defiant. A joint report by Bitget Wallet and Polymarket, covered by Cointelegraph, indicates this volume is driven by repeat retail activity, signaling a definitive shift from one-off bets to continuous market engagement.
This record-breaking activity arrives as Polymarket makes a strategic push to re-enter the United States. With four out of five Commodity Futures Trading Commission (CFTC) commissioner seats currently vacant, the decision on whether to lift Polymarket's U.S. ban rests entirely with CFTC Chair Michael Selig alone.
Hyperliquid Mounts Zero-Fee Challenge
As the broader prediction market sector explodes to a $63 billion valuation, new competitors are emerging to capture market share. Hyperliquid is gearing up to challenge Polymarket by introducing zero-fee entry for real-world event betting. Traders looking to compare these emerging platforms and track market odds can utilize resources at predictionmarketstools.com.
Wall Street Introduces Election ETFs
Meanwhile, traditional finance is bridging the gap to event contracts. Wall Street is preparing to launch the first-ever prediction market ETFs for U.S. elections. These SEC-regulated funds will utilize swaps tied to binary-event contracts, aiming to expand access to election trading directly through standard retail brokerage accounts.