Key Takeaways:
- Polymarket has surpassed $1 billion in trading volume, driven significantly by US presidential election speculation.
- In July, Polymarket’s betting volume hit $343 million, up from $111 million in June and $63 million in May.
- Donald Trump holds 60% odds for the upcoming election, while Kamala Harris has risen to 38% after Biden’s exit.
Crypto betting platform Polymarket has surpassed $1 billion in trading volume, with a significant portion of this activity driven by speculation on the US presidential election.
In July alone, Polymarket saw $343 million in betting volume, up from $111 million in June and $63 million in May, according to Dune Analytics.
Polymarket Surpasses $1B in Betting Volume Amid US Election Frenzy!
— IBC Group Official (@ibcgroupio) July 30, 2024
Crypto betting platform Polymarket has hit a milestone, exceeding $1 billion in trading volume.
Over $343 million was traded in July alone, driven by intense speculation over the US presidential election.
A… pic.twitter.com/ByNnGqYu0v
Over $429 million has been wagered on who will win the upcoming election, with Donald Trump holding 60% odds and Kamala Harris rising to 38% following Biden’s exit.
Polymarket also features prediction markets for crypto, sports, business, and the 2024 Olympic games.
Polymarket Surpasses $1 Billion in Trading Volume Amid Political Betting Frenzy
— Hermes (@Vanieofweb3) July 30, 2024
Crypto betting platform @Polymarket has achieved a significant milestone, surpassing $1 billion in trading volume, with over one-third of this volume generated in just the last thirty days.… pic.twitter.com/HVh07FafY2
Recently, Polymarket partnered with MoonPay for easier onboarding and appointed election analyst Nate Silver as an adviser.
Despite its focus on US events, Polymarket is unavailable to American users.
About The Author
Fleming Airunugba, a seasoned Web3 and crypto content expert, leverages his deep understanding of blockchain technology to bring the latest and most impactful news to the crypto community.
With a knack for engaging storytelling and strategic content creation, Fleming is dedicated to educating and inspiring his audience with insightful analysis on cryptocurrencies, NFTs, and the future of digital finance.
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