Monthly prediction market volume hits $25.7B as user activity shifts beyond one-off events

Prediction markets are becoming one of the most active onchain applications, with retail users driving most activity even as participation across much of the broader digital asset market remains subdued.

According to a new report by Bitget Wallet and Polymarket, monthly trading volume reached $25.7 billion in March, with more than 80% of users classified as retail, defined as those trading less than $10,000.

The figures are broadly consistent with data from Dune Analytics, which recorded $23.7 billion in March trading volume, up from $1.9 billion a year earlier.

The report points to a broader behavioral shift in how prediction markets are used. Rather than focusing on one-off, high-profile events, users are returning more frequently and engaging across multiple categories. Average active days per user almost quadrupled from 2.5 to 9.9 over the first quarter, indicating deeper and more consistent participation.

Sports emerged as the largest segment, generating $10.1 billion in trading volume during