In September, Polymarket, a blockchain-based predictions platform, achieved new milestones with a trading volume of $533.51 million, surpassing August's volume of $472 million. The platform also witnessed an increase in active users, reaching 90,037, up by 26,421 from the previous month. The most significant market on Polymarket currently is the "Presidential Election Winner 2024," with a 30-day volume of $89,067,490. The odds for candidates Donald Trump and Kamala Harris are evenly split at 50%. Although there was a slight drop in open interest during September, it rebounded to a peak of $136 million. The platform also experienced a record-breaking daily user count on September 30 with 16,702 participants. With a rising interest in predictive markets, as evidenced by Polymarket's volumes and expanding user base, it remains to be seen if volumes will decline after the election due to potential changes in user engagement.
- Content Editor ( news.bitcoin.com )
- 2024-10-03
Election Fever Pushes Polymarket to $533M in September, Setting New Records