Key Takeaways:

Polymarket teams up with MoonPay to enhance payment options, including debit/credit cards, Apple Pay, Google Pay, bank transfers, and PayPal.
Polymarket’s July betting volume reached $260 million, driven by U.S. presidential election bets, doubling June’s record.
Polymarket raised $70 million in a Series B round led by Founder Fund, despite being unavailable to U.S. users.

Polymarket, a crypto predictions platform, has teamed up with MoonPay to enhance payment options amid a surge in betting driven by the U.S. presidential election.

As of July 24, users can now buy crypto on Polymarket using debit and credit cards, Apple Pay, Google Pay, bank transfers, and PayPal.

Odds that MoonPay has partnered with @Polymarket as their exclusive on-ramp just shot up to 100%.

Polymarket's community can now fund their accounts using PayPal, Apple Pay, Google Pay, debit card, credit card, and bank transfer! pic.twitter.com/ioKlqQFU4Z
— MoonPay 🟣 (@moonpay) July 24, 2024

MoonPay’s Web3 marketing agency, Otherlife, will also support Polymarket.

MoonPay CEO Ivan Soto-Wright noted that the integration simplifies crypto purchases, improving user experience and promoting decentralized platform adoption.

In July, Polymarket’s betting volume exceeded $260 million, spurred by election bets, doubling June’s record of $111 million.

@moonpay x @Polymarket 🫱🏽‍🫲🏾 https://t.co/g0MkOKS1A2
— espi (@espi) July 24, 2024

The platform has traded around $568.6 million since early 2024, with $370 million currently wagered on the election outcome.

Polymarket recently raised $70 million in a Series B round led by Peter Thiel’s Founder Fund, with contributions from Ethereum co-founder Vitalik Buterin.

Despite focusing on U.S. political events, Polymarket is unavailable to U.S. users.