Polymarket Weekly Volume Exceeds $100M Consistently
The on-chain prediction market platform Polymarket has recorded over $100 million in weekly trading volume for the third consecutive week. The number of weekly active trading addresses also surpassed 10,000 for the second straight week. The sustained growth indicates a strong user appetite for decentralized speculation and prediction markets.
- Polymarket's growth is backed by substantial capital, including a $70 million funding round in May 2024 with investors like Vitalik Buterin and Peter Thiel's Founders Fund. More recently, the company's valuation reached $9 billion following a strategic investment of up to $2 billion from Intercontinental Exchange (ICE), the parent company of the NYSE. - The platform's recent surge follows its late 2025 re-entry into the U.S. market, which was made possible by acquiring QCEX, a derivatives exchange licensed by the Commodity Futures Trading Commission (CFTC). This move came after a 2022 settlement with the CFTC that had previously blocked access for U.S. customers. - In October 2025, the platform's monthly trading volume hit a record $4.1 billion, with the number of monthly active traders reaching an all-time high of 477,850. This user growth was partly driven by the announcement of a future POLY token airdrop to reward platform activity. - A significant portion of trading activity comes from "Polymarket Builders," which are third-party front-ends. The leading builder, betmoar, has processed over $550 million in cumulative trading volume, accounting for more than 50% of the market share among builders. - To expand its data's reach, Polymarket recently launched an exclusive partnership with the newsletter platform Substack, allowing writers to embed live, updating prediction market data directly into their posts. - The company is expanding into new asset classes through strategic partnerships. A collaboration with Parcl introduced prediction markets for home price fluctuations in major U.S. cities, and a partnership with Circle aims to integrate native USDC for trade settlements. - Polymarket's primary competitor is the CFTC-regulated platform Kalshi. In October 2025, Kalshi's monthly volume of $4.4 billion slightly surpassed Polymarket's $4.1 billion, highlighting the competitive landscape for prediction markets. - Polymarket recently acquired Dome, a Y Combinator-backed startup that provides a unified API for prediction markets, signaling a move to bolster its developer ecosystem and platform infrastructure.
