Polymarket's trading fees reached 7.1 million dollars in the first week of Q2

Prediction market Polymarket recorded approximately $7.1 million in trading fees in the first week of Q2, with annualized revenue potentially reaching $365 million, accounting for about 96.8% of on-chain prediction market trading fees. The growth stems from a pricing reform on March 30, with daily trading fees around $1 million and total value locked reaching $432 million. Intercontinental Exchange completed a $600 million investment on March 27, and distributed event-driven data. The platform replaced USDC.e with Polymarket USD on Polygon. Regulatory risks persist in some regions.