PANews reported on November 3rd that Polymarket, a decentralized prediction market platform, saw significant growth in October, with monthly active users reaching a record high of 477,900, a 93.7% increase compared to September. The platform's monthly trading volume also rebounded to a record high of $3.02 billion, while the number of new markets reached 38,300, nearly three times that of August. Polymarket plans to relaunch in the US at the end of November , and will launch its native token POLY and conduct airdrop events .

Meanwhile, Kalshi, a compliant prediction market platform in the US, leads with $4.4 billion in monthly trading volume, consolidating its market dominance. In early October, Kalshi completed a $300 million funding round, valuing the company at $5 billion and attracting further investor attention.