Polymarket Hits $100M Monthly Volume Amid Election Prediction Surge, $200M in Bets
Prediction markets have seen a significant surge in activity, with Polymarket recording $100 million in monthly volume for June, marking the first time a prediction market on Ethereum has surpassed this milestone.
By: DeepNewz • Loading...
DeFiPrediction markets have seen a significant surge in activity, with Polymarket recording $100 million in monthly volume for June, marking the first time a prediction market on Ethereum has surpassed this milestone.
This increase is largely attributed to heightened interest in election predictions. Additionally, there are opportunities for arbitrage, as evidenced by the price discrepancies between platforms such as Polymarket, PredictIt, and Smarkets.
Polymarket currently has $200 million in crypto bets on the line, indicating a growing mainstream acceptance of on-chain prediction markets.
This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.
Advertisement
The Defiant Daily
“an industry must-read”
Get an edge in Crypto with our free daily newsletter
Know what matters in Crypto and Web3 with The Defiant Daily newsletter, Mon to Fri
90k+ Defiers informed every day. Unsubscribe anytime.