Polymarket's trading volume in April decreased by 8.9% month-on-month, while competitors like Kalshi gained market share

According to Cointelegraph, the trading volume of the prediction market platform Polymarket saw a month-on-month decline in April, dropping about 8.9% compared to March, marking the first monthly decline since last August.

According to Dune Analytics data, the total trading volume of Polymarket and its U.S. application in April exceeded $10.2 billion, down from $11.2 billion in March. In contrast, competitor Kalshi's trading volume increased significantly by 13% in April, reaching about $14.8 billion.

Despite the decline in Polymarket's share, the total trading volume of the entire prediction market still grew from $26.5 billion in March to $29.8 billion in April, a month-on-month increase of 12.4%.