Polymarket, a prediction market platform, is experiencing a rebound in user activity and is attracting new users at a record rate. Despite not fully recovering from the US Presidential election market, Polymarket has a large number of registered wallets and daily active users. The platform is popular for predicting current events and has seen increased user counts, especially in the US. The growth is not solely due to airdrop activity, but rather the popularity of highly liquid markets such as the Superbowl winner market. Polymarket is ranked #2 among Polygon POS apps and has the highest open interest among all prediction pairs. However, the open interest is volatile and declines after bets are resolved. Polymarket continues to test new types of bets and remove less popular markets. Daily trading volumes have established a baseline of $35M per day. There are signs of potential wash trading and manipulative activity, but the available liquidity cannot be easily artificially supplied. Polymarket has hinted at the possibility of an upcoming airdrop, which has helped to retain and attract users.



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