📢 Cryptocurrency and Blockchain News: Polymarket and the US Election!

🔹 Polygon-powered blockchain prediction platform Polymarket has seen 88% of its 2024 trading volume on bets related to the US election, according to Dune Analytics.

🔹 Polymarket has seen over $650 million in trading volume this year, with nearly half of that volume coming in July as traders actively bet on candidates like Donald Trump and Kamala Harris.

🔹 Richard Chen noted that the 2024 Presidential Winner and Democratic Nominee markets account for 50% of the platform’s trading volume.

🔹 Interest in Polymarket isn’t limited to elections. January, May, June, and August also saw non-election-related spikes in trading volume.

🔹 The question remains: can Polymarket maintain its momentum in a non-election year? Chen believes that crypto whales and the existing momentum of the platform will continue to provide sufficient volume.

🔹 The largest bets on Polymarket are backing Kamala Harris, who is leading Donald Trump with odds of 51% to 47%.

💬 What do you think about the future of Polymarket and its impact on the crypto market?Share your opinions in the comments!

#Cryptocurrencies#Blockchain#Polymarket#Elections2024