Polymarket hits $1.2B June volume despite declining users
Polymarket, a cryptocurrency-based prediction market, recorded $1.16 billion in trading volume in June 2025, marking a 9.4 percent increase month-over-month. While the figure highlights the platform’s strongest performance since January, when it hit $1.26 billion, active user numbers have dropped significantly, according to a news agency The Block. This contrast between growing trade volume and shrinking participation signals a shift in user behaviour on the platform.
Trading volume surges as market options expand
Polymarket’s June volume of $1.16 billion represents its second-highest monthly figure ever, following January’s record of $1.26 billion. Alongside this rise in volume, the number of new markets created on the platform also hit an all-time high. In June, roughly 7,990 markets were launched, reflecting a 21.4 percent increase from the previous month.
This expansion in market variety shows Polymarket’s move away from its traditionally politics-heavy offerings, which dominated in late 2024. Instead, the platform now offers a more diversified range of markets, appealing to traders looking to engage with events across economics, tech, sports, and global affairs.
Active traders decline despite higher engagement
While trade volumes and market offerings grew, the number of active traders on Polymarket fell by 9.4 percent month-over-month in June, settling at just over 242,000 users. This is a sharp drop from the all-time high of approximately 462,000 traders in January.
Data from March to June shows an even more notable decline. Active traders fell from around 51,000 in March to just 27,000 in June. The trend points to a growing reliance on a smaller group of users who are placing much larger bets per transaction.
In June, the average amount traded per account rose to about $4,800—up significantly from January’s $2,700 average. This suggests deeper engagement from a niche segment of high-value traders, even as the broader user base continues to shrink.
Economic forecasting and market sentiment
Polymarket has grown into a key space for forecasting macroeconomic events. Traders recently signalled a 98 percent probability that the US Federal Reserve would keep interest rates unchanged, reflecting broad market expectations of minimal economic volatility.
Such prediction markets act as live sentiment indicators, showing how crypto-native users respond to economic cues. As geopolitical uncertainty rises, Polymarket markets on economic stability and global developments continue to draw large sums from confident speculators.
Regulatory barriers limit global reach
Despite growth in volume, regulatory challenges continue to restrict Polymarket’s expansion. The platform remains banned in several jurisdictions, including the United States, limiting its access to new users. These constraints hinder Polymarket’s ability to grow its user base, even as it becomes more attractive to experienced, high-volume traders.
Without easing of regulatory barriers or expansion into new regions, the platform may struggle to scale its top-of-funnel user acquisition in the near term.
