CandleFocus Polymarket Faces Significant Post-Election Lull in Trading Volume, User Activity
2024-11-13
Author: Content Editor
The prediction market Polymarket experienced a significant drop in daily trading volume just a week after the 2024 US election. Prior to the election, Polymarket saw a surge in activity as bettors placed wagers on various election topics. On November 6, the trading volume reached $191 million, but it has since declined to approximately $26 million. The number of active daily bettors has also decreased, and Polymarket's open interest has dropped from $450 million to $179 million. It seems that without the election, Polymarket's growth may be cooling off, and the platform's post-election numbers indicate a quieter trading phase ahead. It remains to be seen whether Polymarket can regain momentum in the coming weeks.
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