Prediction markets revenue: where things stand. @Polymarket generated $4M in revenue in the last 30D. Fees only exist in a narrow slice of markets: dynamic taker-only charges on crypto and select sports (NCAAB, Serie A). Politics, most sports and all maker orders don't have fees. The model works because volume is large enough that even low take rates compound. Expanding the fee model could push total revenue significantly higher, although fees compress volume and liquidity. It will be interesting if they test new revenue models and how the market adjusts to those. @opinionlabsxyz had a real moment. Volume spiked, then pulled back. @trylimitless is the prediction market growing faster right now in terms of revenue.