Decentralized prediction market platform Polymarket's activity rebounded significantly last month, but competitor Kalshi still maintains a dominant position with a monthly trading volume of $4.4 billion. According to the data, the number of monthly active traders in Polymarket climbed to a record high of 477,850 in October, surpassing the previous high of 462,600 in January. Nick Ruck, director of LVRgResearch, said: “Activity surged in October as cryptocurrency traders shared new strategies to profit from providing liquidity, arbitrage, and information asymmetry, thanks to Polymarket's decentralized access and functionality as event-driven options trading. As expectations for the platform's token launch grew, market sentiment was completely different from last year, when retail users mostly bet on political and sporting events.” Polymarket is now focusing on relaunching the service in the US by the end of November. This relaunch will be a milestone for the platform.

Decentralized prediction market platform Polymarket's activity rebounded significantly last month, but competitor Kalshi still maintains a dominant position with a monthly trading volume of $4.4 billion. According to the data, the number of monthly active traders in Polymarket climbed to a record high of 477,850 in October, surpassing the previous high of 462,600 in January. Nick Ruck, director of LVRgResearch, said: “Activity surged in October as cryptocurrency traders shared new strategies to profit from providing liquidity, arbitrage, and information asymmetry, thanks to Polymarket's decentralized access and functionality as event-driven options trading. As expectations for the platform's token launch grew, market sentiment was completely different from last year, when retail users mostly bet on political and sporting events.” Polymarket is now focusing on relaunching the service in the US by the end of November. This relaunch will be a milestone for the platform.