Polymarket Records First Drop in Monthly Trading Volume Since August
Cointelegraph
Polymarket experienced its first monthly trading volume decline since August, dropping 8.9% in April amid increasing competition and regulatory scrutiny.Summary
Polymarket saw an 8.9% decrease in monthly trading volume in April, marking the first decline since August. Data from Dune Analytics indicates volume fell to $10.2 billion, while competitor Kalshi saw a 13% increase to $14.8 billion. This shift occurs as Polymarket navigates renewed US regulatory pressure and attempts to expand its presence, despite facing legal challenges from US lawmakers and state officials regarding insider trading concerns and sports betting compliance.
(Source：Cointelegraph)