Polymarket, a prediction market platform, has shown signs of recovery after the removal of its top US elections market. Despite losing half of its volumes initially, the platform has adapted and diversified its bets, resulting in a successful year in terms of activity. The platform has seen a shift towards smaller and more diverse bets, with volumes peaking at $1.026B in November before crashing and recovering to over $543M by the end of December. The growth has primarily come from bets ranging from $1,000 to $10,000. Polymarket has also seen an increase in fees and transaction activity. The platform has shifted its focus to other events in international politics and sports betting, which have shown faster expansion. Despite being banned in France and facing skepticism about fairness, Polymarket remains one of the longest-running and most liquid prediction market platforms. The market for prediction tokens is relatively small, currently valued at $1.1B, with the Gnosis (GNO) token leading the market. Polymarket currently relies on USDC and fees paid in POL but has hinted at an airdrop in the future. There were concerns about the organic nature of Polymarket's growth, but the size of bets and activity suggest genuine market participation. The platform has not provided specific details about its intended token launch.



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