Polymarket’s October surge in users and $3.02 billion trading volume precedes its planned US relaunch with POLY token and airdrop, amid competitive pressure from market leader Kalshi.
Polymarket’s monthly active users surged 93.7% in October to 477,900, with trading volume rebounding to $3.02 billion. The platform plans a late-November US relaunch featuring its POLY token and an airdrop. US-regulated rival Kalshi led the sector with $4.4 billion volume, following a $300 million raise that valued it at $5 billion. Polymarket’s internal data still reflects an 89% probability for its US launch in 2025, with prize pools above $5.53 million.