Study Estimates Americans Funneled Up to $26.7 Billion Through Banned Polymarket Platform
By
Kate Knibbs
Summary
A new study by Rutgers statistician Harry Crane estimates that approximately 30% of Polymarket's trading volume comes from the United States, despite the crypto-based prediction market platform being legally banned for US users. The study found that Americans funneled between $10.6 to $26.7 billion through Polymarket from May 2025 to April 2026, with many high-volume trades appearing to originate from US-based traders using VPNs and other methods to bypass restrictions.
Source
bskyStudy Estimates Americans Funneled Up to $26.7 Billion Through Banned Polymarket Platformwired.comKey quotes
· 3 pulledApproximately 30 percent of the trading volume on Polymarket comes from the United States, according to a new study—an eye-popping number, considering that none of those people are legally allowed to use the crypto-based platform.
The study, conducted by Rutgers University statistician Harry Crane, estimated that people in the US funneled between $10.6 to $26.7 billion through Polymarket.
He found that many of the highest-volume ma
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