The article discusses the lack of a "killer app" in the cryptocurrency industry and the potential for Polymarket, a decentralized prediction market, to be the first one. Polymarket, built on Polygon, has gained mainstream attention and allows users to make predictions and trade using the stablecoin USDC. It has gained traction during the US election year, with its political trading stats being cited to gauge voter intentions. The article also mentions the rise of memecoins but highlights the difference in mainstream appeal and intuitive understanding between memecoins and Polymarket. Despite its success, Polymarket has not issued a native token for speculation.
- Content Editor ( financemagnates.com )
- 2024-09-10
Polymarket Makes Crypto-Betting Mainstream: Is It a Killer App?