Polymarket, a decentralized betting platform, has experienced a surge in popularity throughout 2024, with a rapid growth in trading volume and active traders. The platform's biggest contest revolves around the 2024 U.S. Presidential election, with bets exceeding $1.1 billion. The odds for Kamala Harris and Donald Trump winning the election are currently tied at 49%. Additionally, Polymarket users are predicting escalating conflicts in the Middle East, with high odds of Israel taking military action against Iran and entering Lebanon. In terms of the global economy, predictions on Polymarket suggest a likelihood of future interest rate cuts by the Federal Reserve and the European Central Bank. The crypto market has been turbulent, with Bitcoin and Ethereum experiencing significant price drops and uncertain outlooks for reaching new all-time highs. External factors such as the Middle East crisis have added to market concerns and uncertainties.



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