The blockchain-based prediction market Polymarket noticed spectacular development final month, particularly because the begin of the talk across the U.S. elections.
In response to information offered by Dune Analytics, the full variety of bets on Polymarket surpassed the 1.5 million mark in July. The whole variety of bets because the launch of the market prediction platform is at the moment sitting at 5.29 million.
Furthermore, information from Dune Analytics reveals that the cumulative wager buying and selling quantity on Polymarket has reached simply over $1 billion. The betting quantity for July alone is up 219% from the previous month — rising from $111.56 million to $355.23 million.
The surge within the Polymarket buying and selling quantity comes as the talk across the U.S. presidential elections heats up. In response to information from Polymarket, the full quantity of bets on the upcoming elections has reached $439 million.
Per the market prediction platform, there’s a 57% probability that Donald Trump might win the U.S. elections in November with over $54 million in bets. Trump’s competitor, Vice President Kamala Harris, at the moment has a 39% probability of turning into the forty seventh U.S. president with a betting quantity of $38.5 million.
In response to a crypto.information report on July 24, Polymarket joined forces with MoonPay to permit non-crypto customers to make use of the Polygon-based market prediction platform.
