PANews reported on May 14th that, according to Cointelegraph, prediction market Polymarket's monthly trading volume declined by approximately 8.9% in April to $10.2 billion, marking its first month-over-month decrease since August of last year. Its competitor, Kalshi, saw its April trading volume increase by approximately 13% to $14.8 billion. Overall, the prediction market's total trading volume in April was approximately $29.8 billion, a 12.4% increase month-over-month. Polymarket's declining trading volume comes as the company attempts to fully reorganize its US market presence amidst increasing regulatory scrutiny of prediction markets by US lawmakers.