CandleFocus

Polymarket survives post-election drop-off though volume drops 60%

Author: Content Editor
Polymarket, a leading prediction market platform, has experienced significant user drop-off after the US presidential election. However, overall volume and activity have remained on an upward trend, even without the landmark market. The platform saw peak engagement during the election, with daily user participation exceeding 49,000. Sporting events like the Champions League and the Super Bowl have also attracted strong interest. Other markets related to crypto price movements have consistently gained traction. The cumulative trading volume during the election surpassed $2.4 billion monthly, but has fallen to around $80 million per day in November. Despite the decrease in user interaction, Polymarket's performance and interest in other markets indicate strong engagement and trading volumes, suggesting that the crypto prediction market bubble has not burst.

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