According to CoinMeta, the revenue of Polymarket grew from zero to $1 billion in just six months, enabling it to become the exclusive forecasting market partner of major sports leagues and sign multi-year agreements worth between $150 million and $300 million. Nevertheless, prosecutors in 20 states are challenging its legality, arguing that its operations constitute illegal gambling. The success of this platform has drawn the attention of regulatory authorities, and CFTC and MLB have signed the first direct regulatory agreement, marking a combination of forecasting markets with traditional sports.