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Most prediction market contracts have low volume, leaving users exposed to volatility and bots
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- Volume has exploded on prediction market platform Polymarket since its launch, with notable surges during the 2024 election and last fall.
- A CNBC analysis found that about 70% of all closed markets on Polymarket saw under $10,000 in reported volume from 2021 to the end of May this year, according to Polymarket's Gamma API.
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Volume has exploded on prediction market platform Polymarket since its launch, with notable surges during the 2024 election and last fall. Yet the majority of closed individual markets on the site never surpassed $10,000 in reported volume.
A CNBC analysis found that about 70% of all closed markets on Polymarket saw under $10,000 in reported volume from 2021 to the end of May this year, according to Polymarket's Gamma API. The Gamma API records notional volume on both sides of the trade.
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