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Most traders lose, a small group profits, and money continues to flow.
Artemis company's data shows that the open trading volume across all prediction markets reached new record levels of $1.3 billion last month, up from $993.5 million in March.
Kalshi leads the list with a trading volume of $636.4 million, followed directly by Polymarket with a trading volume of $589.8 million.
The remaining platforms collectively have a trading volume of less than $25 million.
Kalshi recorded a record high instant trading volume of $13.4 billion in April, a 12.6% increase from March, without a major event like the Super Bowl to stimulate activity.
Meanwhile, Polymarket's situation was different in April, with trading volume decreasing to $9.5 billion from $10.6 billion the previous month.
Despite this decline, reaching new record levels of open trading volume indicates that the funds entering these markets are not passing by unnoticed.