Prediction markets are shifting from one-off bets tied to major events into platforms driven by daily user engagement, according to a new report from Bitget Wallet in partnership with Polymarket.

Trading volume on Polymarket reached $25.7 billion in March, but the report points to a deeper change in behavior. Based on activity from 1.29 million wallets in the first quarter, users are returning more often and participating across a wider range of markets, from crypto to sports to politics.

The data suggest growth is being driven by frequency rather than trade size. More than 82% of users traded less than $10,000 during the quarter, a sign the market remains dominated by retail participants. Instead of placing large, infrequent bets, users…