According to Odaily Planet Daily, decentralized prediction market platform Polymarket saw significant growth in October, with monthly active users reaching a record high of 477,900, a 93.7% increase compared to September. Monthly trading volume also rebounded to a record high of $3.02 billion, while the number of new markets reached 38,300, nearly three times that of August. Polymarket plans to relaunch in the US at the end of November, and will launch its native token POLY and conduct airdrop events.

Meanwhile, Kalshi, a compliant prediction market platform based in the United States, led the market with $4.4 billion in monthly trading volume, consolidating its market dominance. In early October, Kalshi completed a $300 million funding round, valuing the company at $5 billion and attracting further investor attention.