Polymarket Achieves New Market Creation High Amidst Slowing Trader Activity

Prediction-making platform Polymarket recorded a significant milestone last month with over 7,000 new prediction markets launched, signifying rapid growth. However, the platform also experienced a decrease in active traders, with numbers dropping from 462,000 in January to 330,000 in April. The decline in trader activity is accompanied by a drop in trading volume, falling from $2.6 billion to under $900 million over the same period. This trend appears linked to a slowing of market activity since the U.S. presidential election in 2024.