Polymarket US drew 98.2% of monthly turnover from sports bets
- —US face-value turnover reached $13.7 billion, with sports supplying $13.5 billion
- —Turnover rose 78% from the prior 30-day window
- —CFTC is reviewing compliance with the 2022 offshore-access settlement
- —CFTC sued Utah, expanding its jurisdiction fight to ten states
Why it matters: The sports-heavy mix leaves Polymarket's US expansion exposed to court rulings on whether event contracts fall under federal or state oversight.
Source: CryptoSlate