Polymarket

Global venue on Polygon; US entity QCX LLC is a separate DCM
#3 of 62 by 24h volume · 13.4% share
24h volume$94.00Mcash, taker side
30d volume$2.23B
Open interest$341.08Mlive exposure
Markets2,100Polygon

Volume history

Monthly volumeCumulative
$1K$10K$100K$1M$10M$100M$1.00B$0$47.93BSep 2020Apr 2022Nov 2023Jun 2025
peak $5.29B · last period still open

Largest markets

share of venue volume
  1. 1Counter-Strike: Team Falcons vs BetBoom Team (BO3) - Thunderpick World Championship Playoffs2.0%
  2. 2Will FC Barcelona win on 2026-10-17?1.4%
  3. 3Will AS Roma win on 2026-10-17?1.1%
  4. 4LoL: MVK Esports vs FURIA Esports - Game 4 Winner1.1%
  5. 5LoL: MVK Esports vs FURIA Esports - Game 3 Winner1.0%
  6. 6Will Manchester City FC win on 2026-10-17?1.0%
  7. 7Ohio State vs. Indiana0.8%
  8. 8Wuhan Tennis Open: Iga Swiatek vs Maja Chwalinska0.8%
  9. 9LoL: MVK Esports vs FURIA Esports - Game 2 Winner0.8%
  10. 10Santa Cruz 2: Francisco Comesana vs Thiago Seyboth Wild0.8%

What this venue actually trades

Sports 76.0% Crypto 11.4% Everything else 12.6%

Where the volume sits

Two different questions. Flow is what changed hands; stock is what is still open. They disagree, and the gap is the point.

Traded flow · share of volume in the window

Sports76.0%
Crypto11.4%
Politics5.9%
Exotics2.5%
Other1.7%
Climate and Weather1.2%
Iran0.2%
Financials0.2%

Open stock · lifetime volume of markets still live

Politics76.1%
Sports11.5%
Crypto4.2%
Culture2.4%
Other2.1%
Business1.9%
World1.1%
Weather0.4%

Long-dated markets accumulate volume and stay open; short ones settle and leave. So the open column over-weights anything slow to resolve, and is not a substitute for the traded column.

Where these numbers come from

Unit
$1-face contract count, printed with a $ sign
Sides counted
one per matched trade
Source
gamma-api.polymarket.com
Refresh
15 min

Top open events by volume. Capped around 2,100 because gamma rejects offset paging past ~1,900-2,900 and its keyset endpoint is broken · next_cursor never advances. Volume is power-law distributed so the cap costs little volume, but the market count is a floor, not a total.

How the unit was established

Polymarket documents nothing: every volume field in the Gamma OpenAPI spec carries a type and a nullable flag and no description. Enumerating every trade across ~300 markets, gamma `volume` divided by summed share size was 1.0000 in every set · including 80 already-closed markets, where there is no snapshot lag to hide behind · while volume/cash ranged from 0.89x to 1000x. Volume is a share count, not dollars. The UI prints that same number with a $ in front (event tn-09-house-election-winner: gamma 33,175.003 vs "$33,175 Vol." in the server-rendered HTML). Sidedness: the /trades endpoint defaults to takerOnly=true; flipping it to false returns exactly 2.0000x the shares, and gamma matches the one-sided half. A single tx resolves to one taker row plus one row per maker · the complementary "buy NO" leg does not double-count.

Full methodology →