The Polymarket platform recently broke records on Election Day, with open interest reaching $463 million. This marked a 40% increase from the previous week and a 20% increase from the previous month. The platform’s growing popularity is attributed to its ability to gauge political sentiment and its wide range of topics, such as sports and global events.
Despite its ties to crypto and blockchain technology, Polymarket has gained mainstream traction, with 35 million website visits in October. Analysts predict that its momentum will continue as it explores its own token launch and potential airdrops to further incentivize user participation.
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<p>The post Polymarkets Surge: Political Betting Platform Soars on Election Day first appeared on CoinBuzzFeed.</p>
