Polymarket’s October peak in users, volume, and market launches follows its POLY token reveal, U.S. comeback plans, and reports of a possible $15B funding initiative.
Polymarket achieved record highs in October across multiple metrics, including 477,900 active users, $3.02 billion in trading volume, and unprecedented new market launches. Activity was fueled by the announcement of the platform’s POLY token, preparations for re-entry into the U.S. market later in November, and reports of a potential $15 billion fundraising round. Rival Kalshi remained ahead in trading volume at $4.4 billion after securing $300 million in funding and a $5 billion valuation.