Polymarket, a decentralized prediction platform, set a record in August with the creation of 13,800 new markets while preparing for a return to the United States.
Record New Markets
In August, Polymarket created 13,800 new markets, surpassing the previous record set in July by 2,000. This achievement comes as the platform prepares to relaunch in the U.S.
Support from Influential Investors
Support from notable figures such as Donald Trump Jr., who invested in Polymarket and joined its advisory board, and the announcement of Elon Musk’s X partnering with the platform, have contributed to its growing prominence.
Market Dynamics and Trading Activity
Despite the increase in new markets, user activity on the platform has declined: active traders fell to around 227,000 in August, the lowest since October 2024. The trading volume remained stagnant at about $1 billion.
Polymarket is set to return to the American market after a long hiatus, and analysts suggest that upcoming political and economic events could drive demand for predictions.
