VBIT Hong Kong
Polymarket's rapid rise illustrated the variety of speculation in crypto. Users could draw on information to predict and speculate on real-world events. Betting on tangible, measurable events attracted participants and was described as more predictable and less volatile than platforms such as Pump.fun.
Polymarket trading volume exceeds NFT trading across all blockchains
According to The Block and CryptoSlam data, Polymarket reached a milestone that month: trading volume exceeded total NFT trading across all blockchains. Over 30 days, NFT turnover was about $377 million, compared with $463 million on Polymarket.
Bets on the 2024 US presidential election reach $700 million
As the 2024 election approached, active Polymarket traders had increased steadily since May. The Block reported that despite US users being unable to use the site officially, it attracted considerable attention and hired election forecaster Nate Silver as an adviser. Former president Donald Trump narrowly led vice-president Kamala Harris in its presidential market at that time, with nearly $700 million bet on the outcome.
