#ChartoftheDay As political events like the US election heat up, prediction platform Polymarket is receiving increasing attention.
Polymarket is an established prediction market that has existed for over four years. It was last buzzed about during the last US election.
There are many events happening around the world whose results can be traded right now, such as the US presidential election, the Olympics, and the war between Russia and Ukraine. As more users join in betting on such events, prediction market projects are gaining renewed interest.
Take Polymarket, for example. It is making record highs in several metrics, including trading volume, number of users, and market value of open positions. With topics that go beyond crypto to include politics, sports, entertainment, financial markets, and more, Polymarket is drawing the attention of not only speculative users in crypto but also sports bettors, experts, and political critics.
Previously, Polymarket has raised $70 million across two rounds, with the most recent Series-B round led by Founders Fund. Ethereum creator Vitalik Buterin is also among the platform’s backers.
