Polymarket’s Monthly Volume Reaches $100M
In June, Polymarket’s decentralized prediction platform surpassed $100 million in monthly trading volume as bettors wagered on the outcome of the upcoming United States presidential election.
As of writing, the platform has accumulated a total of $203.3 million in bets across 17 different prediction markets for the “Presidential Election Winner 2024” category, where individual bets can be placed on either “Yes” or “No”.
According to the current odds, former president Donald Trump is the favored candidate with a 62% chance of winning, and a total of $24.7 million in bets placed for and against him. In second place is current president Joe Biden, with $23.9 million in bets on whether he will secure another term.
However, his odds have fallen from 34% to 21% since his disappointing performance in the Presidential Debate on June 28.
