network known as Polymarket has witnessed significant growth over the last few days. For context, Polymarket is a predictions market that allows users to bet on real-world events using cryptos.Fueled by speculation surrounding the 2024 Presidential elections in the United States, the predictions platform Polymarket has seen record-breaking monthly levels in both trading volume and active traders.
Speculators have placed a total of $234.1 million in wagers on Polymarket across these five markets. These bets include predictions on who will be the 2024 presidential election winner, the 2024 popular vote winner, the Democratic party nominee, the Republican vice-presidential nominee, and the electoral college margin of victory.