đ **Crypto News Flash: Bloomberg Taps Polymarket for Election Predictions!** đ
- Bloomberg integrates Polymarket data into its election terminal, per Michael McDonough, Chief Economist for Financial Products.
- Polymarket, a decentralized platform, lets users bet on real-world events using USDC.
- Created in 2020 by Shayne Coplan, Polymarket hit $360M in volume for 2024, with $100M in bets in June alone.
- 88% of Polymarket's volume is from U.S. election bets, totaling $750M for the 2024 Presidential Election.
- Bloomberg's move highlights the growing utility of blockchain in traditional finance.
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