A new report from a boutique consulting firm claims that nearly a third of U.S. prediction market volume occurs on offshore platforms.

It’s the first estimate of how many Americans are sneaking onto Polymarket’s banned crypto-based platform.

Polymarket's offshore platform handled $9 billion in April volume versus $1.3 billion on its regulated US version, revealing massive American participation

A new report from a boutique consulting firm claims that nearly a third of U.S. prediction market volume occurs on offshore platforms.

The study estimated Americans could end up wagering up to $133 billion annually on offshore prediction markets by 2030.