Polymarket Betting Volume Hits $10 Billion
Kate Marshal
24 January 2025
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Total wagers placed on Polymarket have now surpassed $10 billion. According to Binance Square, interest in the platform continues to grow despite regulatory restrictions and bans in several countries.
The daily number of predictions on Polymarket has surged to 3.5 million, a sharp increase from around 1 million in October last year.
Data from DappRadar shows that the platform attracts roughly 54,000 active users per day, with bet sizes ranging from $10 to $2,000. Most users prefer smaller wagers, with 23.3% of bets falling under $500. Additionally, a significant portion of users place bets of $10 or less (21.5%).
Election-related markets tend to see higher average bet sizes ($292) compared to non-political markets ($178). Following the U.S. presidential election, more users have shifted toward non-political bets — 48.8% of visitors after November 6 exclusively wagered on non-election outcomes.
Polymarket has recently faced bans in France, Singapore, and Poland, with Thailand also considering restrictions. Authorities claim the platform operates as an unlicensed gambling provider, while Polymarket maintains that it does not fall under gambling regulations.
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