Polymarket's new market creation hits record high in April, number of active traders drops

Odaily News According to data from The Block, Polymarket's new market creation reached an all-time high in April, with more than 7,000 prediction markets launched, up 20.7% from 5,800 in March. Despite the surge in market creation, the number of active traders has dropped from 462,000 in January to 330,000 in April, and trading volume has stabilized, with total bets of less than $900 million in April, down from $2.6 billion in January. The report said this may indicate that the user base is shifting toward more centralized market creators.