Polymarket's prediction market showed slight volatility in December. According to Dune data, the trading volume for December was $1.7 billion, a decrease compared to $2.28 billion in October and $2.577 billion in November📉. Despite the drop in trading volume, the number of active trading users on the platform reached 309,228, setting a new historical high, with the number of new accounts also reaching 231,556, indicating continued user interest in the platform.

However, the open contract positions dropped from a peak of $474 million to $117 million, a reduction of over 75%📉. This suggests that market participants may be reassessing their risk exposure. Overall, Polymarket's user activity presents an interesting contrast with the market dynamics.