BlockBeats news, on November 10, cryptocurrency investment firm 1confirmation announced its Q3 2024 LP letter on social media. Founder Nick Tomaino stated in the letter, "The largest investment to date is Polymarket. We invested in this project in its early stages in 2020 and have continued to support this company to this day. Currently, Polymarket's trading volume has exceeded $2.6 billion and has become the best real-time prediction tool for the U.S. presidential election. Founder and CEO Shayne Coplan can be seen discussing how Polymarket continues to release election news ahead of other media on CNBC. Some analysts predict that trading volume will decline after the election, but I believe that prediction markets will grow 100 times in the coming years, with Polymarket leading this trend. Geopolitical, cultural, health, and sports markets will play a significant role in prediction markets, and the growth of the political market will continue."