Polymarket 24-hour revenue hits $1.18M to pass Hyperliquid during World Cup
Polymarket generated $1.18 million in 24-hour revenue on June 14, surpassing Hyperliquid's $815,000 according to DefiLlama data cited by CryptoBriefing. The milestone marked the first time the prediction market overtook the decentralized perpetual exchange on that metric, as reported by X user @vonzz6 and cited by ChainCatcher and Weex. The revenue jump followed Polymarket's introduction of new taker fees. The timing coincided with the World Cup, during which Polymarket ranked as the third-largest project by 24-hour revenue behind only Tether and USDC issuer Circle, according to ChainCatcher's reporting cited by Binance.
Polymarket's fee-driven revenue lead gives it pricing power with the DRW, Wintermute and IMC desks that now route institutional flow to prediction markets. Sustained outperformance of Hyperliquid reframes prediction markets as revenue-competitive with perpetual DEXs for prime-brokerage attention.
The World Cup revenue flip joins Robinhood's Rothera test for some World Cup contracts and Kalshi's ninth straight volume record as the three largest onshore and offshore venues compete for the same event-contract liquidity during the tournament window.