Polymarket recorded a surge in activity last month, reporting a record 477,850 monthly traders in October, nearly doubling September’s figure and marking a return to growth after mid-year declines. Monthly trading volume also hit a new high of $3.02 billion, following months of sub-$1 billion totals.
The platform launched 38,270 new markets in October, nearly tripling August levels, as interest rebounded around major geopolitical and financial events and rising retail speculation. While centralized rival Kalshi remains dominant in trading volume, Polymarket’s momentum is being fueled by anticipation of a native POLY token and airdrop.
Polymarket aims to relaunch in the U.S. by the end of November after resolving a 2022 CFTC case with a $1.4 million settlement. The renewed activity demonstrates strong demand for decentralized prediction markets, with traders seeking both speculative edges and airdrop eligibility.
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