Announcements from Polymarket or the traditional betting platform

Polymarket Surpasses $100M in June Trading Volume Driven by U.S. Election Predictions

Jun 30, 2024, 06:12 AM

Polymarket, a leading prediction market platform, has achieved a significant milestone by surpassing $100 million in trading volume for the month of June. This marks the first time that prediction markets on Ethereum have reached such a volume. The surge in activity is primarily driven by interest in U.S. presidential election predictions. Polymarket holds over 85% market share in the U.S. presidential prediction market, with all transactions settled on crypto-native rails. Currently, there are $200 million in crypto bets on the line. The platform's success is seen as a major step towards mainstream adoption of onchain prediction markets, potentially disrupting the traditional betting industry.