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Polymarket's annual revenue exceeds 1 billion dollars

According to CNBC, Polymarket stated that its annual revenue has significantly exceeded $1 billion, a development that comes just six weeks after its U.S. trading platform lifted the waiting list. The platform operates independently from its international DeFi prediction market and will gradually expand user access after its launch in December this year.Driven by the FIFA World Cup, the trading activity in the prediction market has significantly increased, with trading volumes across multiple platforms rising simultaneously. Data shows that the daily trading volume on the U.S. platform has grown from about $50 million in mid-May to over $200 million on June 20 (based on Dune Analytics data).Meanwhile, its international platform set a record for weekly trading volume during the World Cup, reversing the downward trend seen in April and May. The U.S. business was previously restricted due to regulatory issues in 2022, but resumed operations in the form of a regulated exchange after the U.S. Commodity Futures Trading Commission (CFTC) and the Department of Justice dropped their investigation and did not file charges in 2024.Currently, the U.S. platform is primarily mobile-based, requiring users to download the app via a QR code to trade, with the desktop version not yet available. Polymarket stated that it will continue to optimize market experience, liquidity, and product design to enhance both institutional and consumer-level experiences in the prediction market.

HTX Genesis Hackathon registration teams exceed 100

According to official social media news from HTX DAO, the number of teams registered for the HTX Genesis Hackathon, hosted by HTX DAO and B.AI, and co-organized by OpenCSG, TinTinLand, and OpenCity, has exceeded 100. It is reported that the total prize pool for this event reaches 20,000 USDT, and over $100,000 in computing power support is provided. Participating teams will innovate around the application scenarios of $HTX, B.AI ecological applications and computing power services, AI Agent finance, on-chain asset management, trading infrastructure, DAO tools, and smart financial operating systems. Registration for HTX Genesis will close on July 5, and the finals will be held offline during the WAIC World Artificial Intelligence Conference in Shanghai on July 19.HTX DAO stated that its recent focus revolves around four aspects: 1. Continuously breaking down the rights of the $HTX token to help more users understand the practical value of $HTX; 2. Advancing the HTX Genesis Hackathon, gradually implementing developer resources, ecological support, exposure opportunities, etc.; 3. Deepening the AI x Web3 narrative, making HTX DAO a new entry point connecting AI builders, Web3 applications, and on-chain ecology; 4. Expanding community and public welfare connections, implementing community value into the real world through charitable donations and offline actions.
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