In October, the number of active traders on Polymarket reached a historic high, while Kalshi dominated in trading volume.

Golden Finance reports that the decentralized prediction market platform Polymarket saw a significant increase in trading activity last month, while its competitor Kalshi maintained a dominant position in terms of volume in October. According to data from The Block, the number of monthly active traders on Polymarket surged to 477,850 in October, setting a new all-time high, surpassing the previous high of 462,600 recorded in January. This marks the platform's escape from the downward trend in the number of monthly traders throughout the year - in August, its monthly active traders fell to a low of 227,420. The number of active traders in October increased by 93.7% compared to September, with Polymarket previously reporting 246,610 monthly active users in September. From February to August, Polymarket's monthly volume remained below $1 billion or around $1 billion, while last month the platform's monthly volume rebounded to $3.02 billion, setting a new high. Additionally, Polymarket added 38,270 new markets in October, nearly three times the number of new markets added in August.