Blockchain prediction platform PolyMarket recorded $533.51 million in trading volume in September, driven by interest in the 2024 US presidential election and geopolitical events in the Middle East.

This is up $61.51 million from August, according to Dune Analytics. The number of active users increased by 41%, from 63,616 in August to 90,037 in September.

The platform’s most active market, “2024 Presidential Election Winner,” has seen $89.07 million in trading volume over the past 30 days. As of October 4, Donald Trump and Kamala Harris are tied at 50%.

September 30 was the busiest day, with 16,702 participants. The platform also saw record daily trading volumes on October 2 and 3.

While open interest dipped slightly in early September, it has recovered to $136 million thanks to rumors of a possible token launch. The company is reportedly in talks to raise $50 million in funding.

By the end of September, election-related predictions accounted for 84% of total activity on the platform, with 64% of users participating in election bets.