Gate Research’s newly released report, “Polymarket Builders: New Paradigm and Ecosystem,” finds that Polymarket is executing a strategic shift from a single-platform model to an open ecosystem via Builder Codes, addressing core challenges such as liquidity concentration, diverse user needs, and intensifying competition. The report maps trends and the competitive landscape in prediction markets, and analyzes Polymarket’s ecosystem strategy centered on open liquidity and a developer network.
According to the report, the Polymarket ecosystem has formed a four-layer structure—back-end arbitration, middleware, front-end applications, and AI agents. Builders are concentrated in front-end applications represented by trading bots, yet their volume accounts for less than 3% of the parent platform, indicating significant upside. Drawing on mature paradigms such as Hyperliquid Builders, the Polymarket ecosystem has room to expand by several times, potentially even by an order of magnitude.
The report also highlights the mounting competitive pressure Polymarket faces from Kalshi, a regulated rival, and its distribution partnership with Robinhood. Leveraging Robinhood’s vast traditional finance user base and mainstream retail channels, this alliance has rapidly achieved large-scale growth in prediction-market activity. In contrast, Polymarket has chosen a different path—embracing openness, accelerating innovation, and fostering a diverse front-end ecosystem to counter closed, centralized systems. Through this approach, Polymarket is steadily advancing the development of a “Prediction-as-a-Service” model that embeds prediction capabilities into any application or online environment.
Key Takeaways:
- Strategic Transformation: Polymarket is transitioning toward an open ecosystem and decentralized infrastructure, with Builder Codes at its core.
- Ecosystem Structure: The platform has developed a four-layer architecture—back-end, middleware, front-end, and AI agents—with trading bots forming the main body of Builders, though their volume accounts for less than 3% of the platform total.
- Growth Potential: Drawing from the mature Hyperliquid Builders model, the Polymarket ecosystem holds room for severalfold to tenfold expansion.
- Competitive Landscape: The Kalshi × Robinhood alliance leverages regulatory compliance and distribution advantages to capture the mainstream market, exerting direct pressure on Polymarket.
- Long-Term Outlook: Competition in prediction markets is shifting from single-platform battles to a new phase defined by ecosystem collaboration, innovation efficiency, and sustainable growth. The Polymarket Builders framework is poised to become the “App Store” of prediction markets, driving continuous innovation and establishing deep ecosystem moats.
Read the full report → Gate Research: Polymarket Builders — New Paradigm and Ecosystem
Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.
Disclaimer
Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.
Gate Team
21 Kasım 2025
Gateway to Crypto
Trade over 4,500 cryptocurrencies safely, quickly, and easily on Gate
Take Action Now
Sign up and claim up to $10,000 in welcome rewards
Invite friends and earn a 40% commission
Stay Connected
Visit Gate's official website
Download the Gate App | Desktop
Follow us on X (Twitter) to get more bonuses
Join our Telegram community to discuss trending topics
Engage with our global community for the latest insights
Transparency & Security
Check our 100% Proof of Reserves
