Polymarket April Volume Falls 9% as Kalshi Expands US Share
Summary
- Polymarket’s US-only trading app posted trading volume of $10.2 billion in April, down about 8.9% from March.
- Polymarket’s monthly trading volume decline was the first since August last year.
- US-based rival Kalshi recorded trading volume of $14.8 billion during the same period, up about 13%, while global prediction-market trading volume in April also rose about 12.4%.
Forecast Trend Report by Period
Monthly trading volume at decentralized prediction-market platform Polymarket declined in April, while rival Kalshi increased its trading activity and expanded its market share.
Cointelegraph reported on May 13 that Polymarket’s US-only trading app recorded about $10.2 billion in volume in April. That was down about 8.9% from $11.2 billion in March.
It was Polymarket’s first monthly decline in trading volume since August last year.
US-based rival Kalshi, meanwhile, posted about $14.8 billion in volume during the same period, up about 13%.
Overall prediction-market trading volume still increased. Global prediction-market volume reached about $29.8 billion in April, up about 12.4% from $26.5 billion a month earlier.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.