economy
Polymarket’s volume fell for the second month in a row even as prediction markets see huge growth
Polymarket's international prediction market saw another slump in notional trading volume for May while its U.S. platform continues to grow.
TL;DR
- Polymarket's international platform volume fell to $7.1 billion in May, down from $9 billion in April and a peak of $10.5 billion in March.
- This follows a period of significant growth, with international volumes increasing by over 850% between August and March.
- In contrast, Polymarket's U.S. platform saw its volume rise to $1.77 billion in May, with substantial growth in new users and active traders.
- The company cited technology maintenance and a transition to a new token (Polymarket USD) as reasons for the international volume decline.
- Monthly active users on the international platform also decreased, from over 780,000 in March to under 650,000 in May.
- The international platform experienced a strong start to June, processing $1.9 billion in the first week, with expectations of further growth from the FIFA World Cup and the end of maintenance.