A new report by Bitget Wallet and Polymarket indicates a significant shift in the prediction markets landscape, transforming from isolated event-based bets to platforms driven by daily user interaction. The report highlights that trading volumes on Polymarket reached $25.7 billion in March, with a notable change in user behavior.
Analyzing data from 1.29 million wallets in the first quarter, it is evident that users are returning more frequently and engaging in a broader range of markets, spanning from cryptocurrency to sports and politics. The growth is attributed to 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, more regular trades.
According to Alvin Kan, Bitget Wallet's COO, 'Prediction markets are becoming less about capital and more about consistent, repeated actions. What we're witnessing is a behavioral shift: the market is scaling with more frequent interactions, not larger trades.' Cryptocurrency remains the primary entry point for new users, accounting for nearly 40% of initial activity due to its continuous trading and familiar price movements.
However, as users become more active, their participation shifts towards markets tied to real-world events. The report characterizes this evolution as a structural change, where prediction markets are no longer driven solely by major events like elections, but are becoming continuous systems where users regularly 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 crucial as the underlying market itself. We're observing a shift from episodic trading to more continuous engagement.' This shift is also altering how these markets are utilized, 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 rising from approximately $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 long-term trajectory towards $1 trillion.
As participation increases, the focus is shifting towards accessibility and usability, with wallets emerging as key entry points, facilitating users to discover markets and interact with them in real-time.