Polymarket International Volume Falls to $7.1 Billion in May as Kalshi Tops $17.9 Billion
Updated
Updated · CNBC · Jun 10
Polymarket International Volume Falls to $7.1 Billion in May as Kalshi Tops $17.9 Billion
2 articles · Updated · CNBC · Jun 10
Summary
$7.1 billion in May volume marked Polymarket’s second straight monthly decline on its international exchange, down from just over $9 billion in April and $10.5 billion in March.
Polymarket said spring technology maintenance and a shift to its new Polymarket USD token disrupted users, with monthly active participants dropping from more than 780,000 in March to under 650,000 in May.
$1.77 billion on Polymarket’s U.S. platform partly offset the slide, up from $1.26 billion in April; the company also reported 86% growth in new users and 73% growth in active new traders over 30 days ended June 3.
Rival pressure has intensified as Kalshi’s May volume surpassed $17.9 billion, while Polymarket also faced scrutiny over U.S. management, insider-trading cases and disputed market resolutions.
$1.9 billion in the first week of June was Polymarket’s strongest weekly international volume since late April, and the company expects maintenance ending and FIFA World Cup trading to lift activity.