Polymarket activity rebounds to new highs while Kalshi dominates in volume
Polymarket hit record active traders and volume in October, while Kalshi maintained volume leadership.Summary
Decentralized prediction market platform Polymarket experienced a significant resurgence in October, reaching an all-time high of 477,850 monthly active traders, a 93.7% increase from September. Its monthly volume also rebounded to a new peak of $3.02 billion. This surge is attributed by analysts to traders capitalizing on arbitrage and liquidity providing opportunities, potentially influenced by the confirmed plans for a native POLY token airdrop. Concurrently, the U.S.-regulated platform Kalshi remained the volume leader, posting $4.4 billion in monthly volume, solidifying its position after recent major funding rounds that valued the company up to $12 billion. Polymarket is also preparing to relaunch in the U.S. by the end of November, following a previous enforcement case with the CFTC.
(Source：The Block)