TechFlow News, January 4 — According to The Block, prediction market platform Polymarket achieved breakthrough growth across multiple key metrics in 2024. The platform recorded over $9 billion in total annual trading volume, with November alone reaching a record high of $2.63 billion. In December, the number of active traders hit a new all-time high of 314,500. During the U.S. election period in November, open interest (OI) surged to $510 million.
Monthly trading volume grew at a rate of 66.5%, increasing from $54 million in January to $2.6 billion in November—an almost 48-fold rise. Following the conclusion of the U.S. election, trading volume declined by 34% month-on-month in December, and OI dropped from its peak to $120 million. Market activity shifted from political predictions to sports events, reflecting the natural evolution of prediction markets.
