Odaily Planet Daily reports that Polygon’s official account on X stated that February’s POL burn amount reached a new all-time high, with a total of 28.2 million POL burned.
Previously, it was also reported that February’s trading volume for Polymarket, the most important application in the Polygon ecosystem and a prediction market, also hit a historic high.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Brazil Bans Polymarket, Kalshi in 28-Platform Crackdown
Brazil has enacted a sweeping ban on prediction markets affecting 28 platforms, including the leading prediction markets Polymarket and Kalshi, according to local media and government filings. The Banco Central do Brasil published a resolution citing non-compliance with local regulations on
CryptoFrontier59m ago
CFTC sues New York State: Defend the federal exclusive jurisdiction over prediction markets
CFTC4/24 filed a lawsuit against the State of New York in the U.S. Federal Court for the Southern District of New York, arguing that the event contracts are subject to federal exclusive jurisdiction, and seeking a permanent injunction to stop state law from interfering with CFTC-registered entities. The core issue is field preemption; if they win, Polymarket, Kalshi, and others in the U.S. will have compliance and market positioning dominated by the federal framework, and the influence of state law will be weakened.
ChainNewsAbmedia2h ago
Brazil Bans Leading Prediction Market Platforms in Sweeping Regulatory Crackdown
Gate News message, April 25 — Brazil's central bank has enacted a comprehensive ban on prediction market platforms, prohibiting major prediction markets and approximately 28 other betting platforms from operating in the country. The ban, outlined in a resolution by Banco Central do Brasil, cited non
GateNews9h ago
Brazil fully bans 27 prediction market platforms such as Polymarket and Kalshi: the largest prediction market ban in emerging markets
The Brazilian government announced a comprehensive ban on 27 prediction market platforms (including Polymarket and Kalshi) on April 24, 2026, citing that they had not obtained licenses and did not comply with the current gambling laws, and that connections were blocked from that day onward. The new law only allows fixed-odds betting based on the results of in-person sporting events; event-based prediction contracts remain illegal. The central bank also added that the regulatory threshold for derivative transactions had not been met. This move has been seen as the first major negative case in the expansion of emerging markets worldwide, and in the future it may affect regulatory and cross-border compliance negotiations in places such as India, Indonesia, and Turkey.
ChainNewsAbmedia13h ago
Brazil Bans Polymarket, Kalshi Citing Investor Protections
Brazil has enacted a sweeping ban on prediction markets and betting platforms, according to local media and government filings. The two leading prediction markets, Polymarket and Kalshi, were inaccessible to researchers in the country. Finance Minister Dario Durigan stated that approximately 28 plat
CryptoFrontier15h ago
