Polymarket's international volume drops for second straight month

Investing.com -- Polymarket's international prediction market platform recorded $7.1 billion in trading volume during May, marking the second consecutive monthly decline, according to data from Dune Analytics.

The May figure represents a decrease from April's $9 billion in volume. Both months fell short of the platform's peak performance in March, when it processed $10.5 billion.

The decline marks a reversal from earlier growth trends. Between August and March, Polymarket's volumes expanded by more than 850%, Dune Analytics data showed.

The platform's U.S. operation showed different results, with volume rising to $1.77 billion in May from $1.26 billion in April.

The international platform's volume decrease occurred while competing platforms reported growth. Kalshi, Polymarket's main competitor, processed more than $17.9 billion in volume during May.

Early June data indicates a potential shift in the trend. Polymarket's international platform processed $1.9 billion in volume during the first week of June, the highest weekly total since late April.

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