Prediction Market Report Shows $11B-$34B Offshore US User Activity

TLDR U.S. users may have driven $11B to $34B offshore prediction market volume. Polymarket alone accounted for up to $27B in estimated U.S.-linked activity. Offshore share dropped from 84.4% in 2024 to 60.9% in 2025. Kalshi processed about $70B of $74B in regulated prediction market volume. Report cites VPN use and blockchain platforms as key [...]

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