CandleFocus US Election Takes Polymarket to All-Time High, Token Launch Rumored
2024-10-05
Author: Content Editor
Blockchain betting platform Polymarket achieved record-breaking trading volume and active users in September, largely driven by bets on the upcoming US election. Despite a drop in activity earlier in the month, election bets reached nearly $1 billion, contributing to the overall bullish month. To sustain long-term interest beyond the election, Polymarket is reportedly seeking $50 million in investment capital to fund the launch of a new token. This strategy aims to leverage the platform's popularity and potentially boost trading volume by enticing users with the prospect of a future token airdrop.
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