Polymarket official reports

Polymarket Surpasses $100M in Monthly Volume, Hosts $200M in Bets, Trump Favored in 2024 Election

Jul 1, 2024, 06:26 PM

Polymarket, a leading prediction market platform, has achieved significant milestones in recent months. In June, the platform surpassed $100 million in monthly volume for the first time, contributing to a total of approximately $213 million in trading volume during Q2. Polymarket has become a pivotal tool in the political landscape, particularly for the 2024 US presidential election, where it is the largest prediction pool with $200 million in crypto bets. The platform's success is attributed to its appeal to both seasoned crypto users and newcomers, serving as an introduction to web3 technologies. Polymarket's ability to provide market-driven probabilities has made it a reliable source for current events, including being referenced on popular podcasts like 'The All-In Podcast'. The platform is also seeing increased speculation and user engagement, with nearly 30,000 monthly users. This growth is expected to continue as the US presidential election approaches, with investors anticipating further increases in trading volume and user participation. Currently, the prediction markets heavily favor Trump to win the 2024 US presidential election.