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Polymarket's April trading volume decreased by 8.9% month-over-month, with competitors like Kalshi gaining market share.
ChainCatcher news, citing Cointelegraph, predicts that Polymarket, the prediction market platform, saw its April trading volume decline month over month, down about 8.9% from March—its first monthly drop since last August.
Based on Dune Analytics data, Polymarket and its U.S. app recorded total trading volume of more than $10.2 billion in April, lower than $11.2 billion in March. Meanwhile, competitor Kalshi’s April trading volume rose sharply by 13% to approximately $14.8 billion.
Despite Polymarket’s share declining, the total trading volume of the entire prediction market in April still increased from $26.5 billion in March to $29.8 billion, a month-over-month growth of 12.4%.