Polymarket's US Election Prediction Market Surpasses $3.2 Billion in Volume a Day Before Election

The prediction market for the 2024 US Presidential Election on Polymarket has surpassed $3.2 billion in total volume, a day before the election. Polymarket has seen a significant increase in trading activity, with election-related markets now making up 90% of open interest on the platform.

In October alone, the platform recorded $2.5 billion in volume. The surge in trading reflects the high level of interest and speculation surrounding the election outcome, particularly with institutional capital heavily involved.

Polymarket's recent all-time high of almost 13 million predictions on Polygon POS underscores its growing influence in election forecasting. The trading volume for election markets reached $2.2 billion, compared to non-election markets.

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