Polymarket's monthly trading volume declined for the first time since August of last year.

CoinFeed reported on May 14th that, according to Cointelegraph, prediction market Polymarket's monthly trading volume declined by approximately 8.9% in April to $10.2 billion, marking its first month-over-month decrease since August of last year. Its competitor, Kalshi, saw its April trading volume increase by approximately 13% to $14.8 billion. Overall, the prediction market's total trading volume in April was approximately $29.8 billion, a 12.4% increase month-over-month. Polymarket's declining trading volume comes as the company attempts to fully reorganize its US market presence amidst increasing regulatory scrutiny of prediction markets by US lawmakers.