Polymarket hires four top executives in a month as volumes fall 40%
- —Polymarket trading volumes fell 40% over two months: from $14.74 billion to $8.41 billion
- —Active traders nearly halved — from 667,000 to 336,000
- —The company is raising a $1 billion round at a valuation of about $21 billion
- —Polymarket is rewriting its matching engine due to technical debt in the CLOB
Why it matters: It shows pressure on the largest prediction market platform after event-driven traffic faded and competition with Kalshi grew.
Source: ChainCatcher 链捕手