Polymarket’s November 3 activity contrasts with its modest monthly market share
DeFi Rate reports Polymarket traded 242 million dollars in contracts on November 3, with 113 million dollars paid across 1.5 million trades and open interest at 385 million dollars. Over the 30 days from October 5 to November 3 the venue traded 5.2 billion dollars in contracts, a 4 percent share of prediction-market volume against Kalshi at 76 percent.
Polymarket recorded 242 million dollars in contract trading on November 3, according to DeFi Rate. The outlet also reported 113 million dollars paid across 1.5 million trades.
Daily activity and outstanding positions
Open interest stood at 385 million dollars, according to DeFi Rate. That measure provides a separate view of outstanding positions alongside the reported daily trading activity.
The figures distinguish contract trading value from dollars paid: DeFi Rate reported those totals at 242 million dollars and 113 million dollars, respectively, rather than as interchangeable measures.
The 30-day competitive picture
Across the 30 days from October 5 to November 3, Polymarket traded 5.2 billion dollars in contracts, according to DeFi Rate.
That activity represented a 4 percent share of prediction-market volume, compared with Kalshi’s 76 percent share. The comparison places Polymarket’s daily figures within a period in which Kalshi accounted for the substantially larger portion of reported volume.
What it means for prediction markets
- Measurement matters: Contract trading value, dollars paid and open interest describe different aspects of activity; the reported totals should not be conflated.
- Daily activity differs from market share: Polymarket’s 242 million dollars in November 3 contract trading sits alongside a 4 percent share over the full 30-day window.
- The competitive gap is clear: DeFi Rate’s figures put Kalshi at 76 percent of volume versus Polymarket at 4 percent, but the supplied data do not establish whether that gap widened or narrowed.
Sources & attribution
- Published
- Source
- DeFi Ratedefirate.com
- Publisher
- https://defirate.com
- Source URL
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Full attribution under the Digital Millennium Copyright Act (DMCA), 17 U.S.C. § 512: this article is an original report by Infiniti Intelligence that summarizes the reporting of the publishers named above, links to their original work, and reproduces no protected expression beyond brief factual reference and in-line attribution (“according to DeFi Rate”). All rights in the underlying reporting remain with the publishers listed; nothing here implies endorsement by or affiliation with them. Rights holders may request correction, update or removal through the contact address published at infiniti.w3ai.io.
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