Polymarket Trading Volume Drops 35% as Post-World Cup Slowdown Takes Hold
Polymarket's monthly volume fell 35% from July to August while rival Kalshi barely declined, according to CryptoPotato.
Why it matters
The uneven slowdown highlights diverging trajectories between Polymarket and Kalshi, with Kalshi maintaining volume while Polymarket struggles to retain momentum. DeFiLlama data indicates the industry-wide pullback has continued into September.
Key facts
Polymarket's combined monthly trading volume fell 35% from July to August
35 %Reported by CryptoPotato
What happened
CryptoPotato reported that Polymarket's combined monthly trading volume fell 35% between July and August, dropping from $12.89 billion to $8.41 billion, with the decline attributed to the post-World Cup lull in prediction markets. The core Polymarket platform accounted for most of the decline, falling from $7.89 billion to $4.59 billion, while Polymarket US dropped from $5 billion to $3.82 billion. Kalshi's volume moved in the opposite direction during the same period, climbing from $33 billion in June to $40.1 billion in July before easing to $38.67 billion in August, a decline of roughly 4%. The gap between the two platforms has widened significantly, with Kalshi now processing close to five times Polymarket's monthly volume. DeFiLlama tracking data cited by CryptoPotato shows weekly industry-wide volume running around $4 billion in September, well below the pace seen during the World Cup tournament. The slowdown does not appear to have affected investor interest, according to CryptoPotato.
How the story developed
- First report
First report by CryptoPotato
Polymarket Trading Slumps 35% as Post-World Cup Lull Hits Prediction Markets
- Update
World Cup drives prediction market volumes to peak
Polymarket's combined volume was $13.95 billion in June.
- Update
Post-World Cup lull begins to affect Polymarket volume
Polymarket's combined volume dipped to $12.89 billion in July.
- Update
Polymarket volume drops sharply in August
Combined volume fell to $8.41 billion, a 35% decline from July.
- Update
Kalshi volume remains steady despite post-tournament slowdown
Kalshi dropped roughly 4% from July to August, closing at $38.67 billion.
- Update
DeFiLlama tracking shows continued industry-wide pullback into September
Weekly volume running around $4 billion, well below tournament pace.
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| CryptoPotato Crypto media | Polymarket Trading Slumps 35% as Post-World Cup Lull Hits Prediction Markets | Original |
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