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Research №001State of Polymarket · H1 2026·Data as of July 15, 2026 · re-verified on send day

The prediction market became a casino. The customers became machines.

Six months, $53B, 1.4 billion trades — 78% of them in markets that live less than a day, most of them placed by 15,752 machine accounts. The full macro picture, from every fill ever placed on Polymarket.

Lifetime volume$83BSept 2020 → Jul 2026
Fills1.7Bevery trade, on-chain
Wallets3.06Mever traded
Markets2.17Mever traded
01

The record year nobody described right

The common story says Polymarket peaked with the 2024 US election. The data says the opposite: the first half of 2026 alone did $53.0B 64% of all volume in the platform’s history, seven and a half times the entire election year. 82% of every fill ever placed happened in 2026, and 89% of every market that has ever traded was created in it — about one new market every eight seconds.

YearVolumeFillsWalletsMarkets
2024$8.82B58M645,42719,497
2025$20.95B241M1,519,537237,787
2026 (H1)$53.03B1,402M1,886,5781,918,043
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