According to Techub News, the decentralized prediction market Polymarket has exceeded $1 billion in cumulative trading volume, according to The Block. In June, Polymarket's cumulative trading volume was $663 million, and in July it soared by about 58% to $1.05 billion.

In addition, the platform's monthly trading users soared from about 4,000 in January to more than 44,000. The largest market on Polymarket is the prediction of who will be the next US president, with a trading volume of more than $474 million, accounting for more than 45% of Polymarket's total trading volume to date.