A new report from Bitget Wallet, in collaboration with Polymarket, reveals that prediction markets are undergoing a significant shift from occasional, event-driven bets to platforms characterized by daily user engagement. The trading volume on Polymarket reached $25.7 billion in March, but the report highlights a more profound change in user behavior.
Based on data from 1.29 million wallets in the first quarter, users are participating more frequently and across a broader range of markets, including crypto, sports, and politics. The growth is 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 dominance by retail participants. Instead of making large, infrequent bets, users are now engaging in smaller trades more regularly.
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 frames this evolution as a structural change, where prediction markets are no longer driven solely by spikes around major occurrences like elections, but are becoming continuous systems where users return regularly to track and respond to changing probabilities.
Elden Mirzoian, director of growth and partnerships at Polymarket, noted, '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 are beginning to appear alongside traditional data sources in media and financial analysis. The growth has accelerated rapidly, 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.