Decentralized prediction market platform Polymarket saw a significant pick-up in trading activity levels last month, while its rival Kalshi remained dominant in terms of volume in October.
Data from The Block showed Polymarket's monthly active trader count climbed to 477,850 in October, a record high, surpassing the previous high of 462,600 recorded in January.
This marks the end of a year in which the number of monthly active traders fell to a low of 227,420 in August. October saw a 93.7 per cent increase from September, when Polymarket reported 246,610 monthly active users.
Between February and August, Polymarket's monthly trading volume was consistently below $1 billion or around $1 billion, while last month the platform's monthly trading volume also rebounded to a new high of $3.02 billion. In addition, Polymarket added 38,270 new markets in October, almost triple the number of new markets added in August.
The number of active traders in Polymarket reached a record high in October, with Kalshi dominating the trading volume
2025-11-03 07:48:40
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