A new report from Bitget Wallet, in collaboration with Polymarket, reveals that prediction markets are undergoing a significant transformation, shifting from sporadic event-based bets to platforms focused on daily user interaction. The trading volume on Polymarket reached $25.7 billion in March, with data pointing to a fundamental change in user behavior.
Based on activity from 1.29 million wallets in the first quarter, users are returning more frequently and participating in a broader range of markets, spanning from crypto to sports and politics. The growth is primarily driven by the frequency of trades rather than their size, with over 82% of users trading less than $10,000 during the quarter, indicating the market's continued dominance by retail participants.
Instead of placing large, infrequent bets, users are engaging in smaller, more regular trades. According to Alvin Kan, Bitget Wallet's chief operating officer, 'Prediction markets are becoming less about capital and more about consistent, repeated actions. What we're seeing is a behavioral shift: The market is scaling with more taps per day, not bigger trades.' Crypto remains the primary entry point for new users, accounting for nearly 40% of early activity, due to its continuous trading and familiar price movements. However, as users become more active, their participation shifts toward markets tied to real-world events.
The report characterizes this evolution as a structural change, where prediction markets are no longer driven solely by spikes around major events like elections, but are instead becoming continuous systems where users return regularly to track and respond to changing probabilities. Elden Mirzoian, director of growth and partnerships at Polymarket, notes, 'As prediction markets evolve into core financial infrastructure, distribution becomes as important as the underlying market itself. We're seeing a shift from episodic trading to more continuous engagement.' This shift is also changing how these markets are used, with prices increasingly reflecting real-time expectations around macroeconomic trends, politics, and culture, and beginning to appear alongside traditional data sources in media and financial analysis.
The growth has been rapid, with monthly trading volume climbing from about $1.2 billion in 2025 to over $20 billion in early 2026, while active wallets have more than tripled in six months. Industry projections cited in the report estimate the market could reach $240 billion in volume this year, with a longer-term path toward $1 trillion. As participation increases, the focus is moving toward access and usability, with wallets emerging as key entry points, helping users discover markets and interact with them in real time.