Polymarket's new market creation hits all-time high in April as volume stabilizes

Polymarket's new market creation reached an all-time high in April, with over 7,000 new prediction markets launched. This represents a 20.7% increase from March's 5,800 markets and continues the platform's dramatic growth trajectory that began accelerating in late 2024.

The surge in market creation comes despite a moderation in trading activity. Active traders decreased from January's peak of 462,000 to 330,000 in April, indicating that while market creation is booming, engagement per market may be diluting as options proliferate. Similarly, trading volume has stabilized, with April recording just under $900 million worth of bets placed. This is down from a high of $2.6 billion in January.

Some of the largest markets today belong to sports markets, such as the NBA Championship and the Champions League outcomes. Global uncertainty has also been a driver of new market creation, with geopolitical events driving significant activity. New markets have centered around the U.S.-China trade war and the India-Pakistan conflict, generating substantial interest.

Fewer active addresses are trading on Polymarket even as market creation explodes, which could indicate a shift toward a more concentrated user base of market creators who are identifying and launching prediction opportunities at an accelerated pace, likely in anticipation of a possible airdrop.

This is an excerpt from The Block's Data & Insights newsletter. Dig into the numbers making up the industry's most thought-provoking trends.