According to BlockBeats, on August 24, cryptocurrency investment firm 1confirmation released its Q2 2024 LP letter on social media. Founder Nick Tomaino highlighted that prediction markets are emerging as a breakthrough use case in the crypto sector for 2024, with the market size expected to grow 100-fold in the coming years. Tomaino emphasized that Polymarket is the best way to track elections and other global events, standing out as a significant product this year. It is the first crypto product people use daily for information, often without realizing it is a crypto product. Following the November elections, Tomaino believes that news, culture, and sports markets will become even more popular, with Polymarket being well-suited for any area with differing opinions.