[Polymarket Generates $7.1 Million in Trading Fees in Q2's First Week After Pricing Reform, Potentially Capturing 97% of On-Chain Prediction Market Fee Share] Odaily Planet Daily reports that prediction market Polymarket collected approximately $7.1 million in trading fees during the first week of Q2, making it one of the most profitable protocols in DeFi. If this pace continues, its annualized trading fee revenue could reach approximately $365 million, potentially capturing 96.8% of the on-chain prediction market fee share. Analysts attribute this growth to the pricing reform implemented on March 30, with daily trading fees consistently around $1 million and trading activity remaining high. According to DeFiLlama data, Polymarket's total value locked (TVL) reached $432 million, nearing its peak during the 2024 U.S. presidential election period. On the mainstream partnership front, Intercontinental Exchange (ICE) completed a $600 million cash investment on March 27 as part of a larger $2 billion commitment, distributing Polymarket's event-driven data to institutional clients. Additionally, the platform replaced USDC.e collateral on Polygon with a new 1:1 USDC-backed token, Polymarket USD, as the trading collateral asset. Despite rapid revenue growth, regulatory risks persist. Certain U.S. states, Hungary, Portugal, and Argentina have imposed restrictions or bans on prediction markets, citing Polymarket as an unlicensed gambling platform. (Cointelegraph)