Polymarket achieved an all-time high in new market creation during April, despite a decrease in overall betting volume compared to earlier in the year. The surge in new markets is attributed to global geopolitical events and a shift towards a more concentrated user base among market creators.

Polymarket has launched an official prediction market for Elon Musk’s social media platform, X, allowing users to bet on various outcomes related to Musk and the platform's future. This new feature aims to enhance user engagement and provide a unique way to gauge public sentiment on critical events. The prediction markets will cover a wide array of topics, reflecting the dynamic nature of discussions surrounding Musk and his ventures.

Polymarket has seen a significant increase in open interest, particularly in markets related to geopolitical tensions such as Iran, despite an overall decline in active traders and trading volume. While some markets, including the NBA champion prediction, have experienced growth, the platform's total open interest remains 74% lower than its peak during the U.S. presidential election cycle.

Online prediction betting site Polymarket has received approval to launch in the United States after the CFTC announced a "no-action position" regarding certain regulations. The site previously faced investigations from the CFTC and Justice Department, which concluded without any charges. Polymarket also acquired derivatives exchange QCX, enhancing its presence in the U.S. market.