BLOOMBERG TO INCLUDE ELECTION DATA IN POLYMARKET
Polymarket has reached another milestone as Bloomberg has adopted a prediction market powered by Polygon.
Bloomberg’s global financial software and media arm has decided to integrate Polymarket data into its election terminal, according to Michael McDonough, the company’s chief economist for financial products.
Polymarket is a decentralized marketplace that allows users to bet on real-world outcomes and events, such as the U.S. presidential election. Participants place bets using the USDC stablecoin.
Created in 2020 by Shane Coplan, Polymarket’s popularity has reached record highs this year. Traders submitted $100 million in aggregate bets in June, pushing the platform’s volume past $360 million for 2024.
