Election Highs to Post-Poll Lows: Polymarket’s December Rollercoaster
Polymarket, a blockchain-powered prediction platform, experienced a surge in activity during the U.S. Presidential Election, with bettors accurately predicting Donald Trump’s win.
November set a record with $2.57 billion in trading volume, but December saw a sharp decline, with volumes dropping to $1.7 billion and open interest plummeting from $474 million to $117 million. Despite this, active traders increased to 309,228 in December, surpassing November’s count.
Current bets focus on political topics like Biden’s pardons, Trump’s picks, and the House speaker, alongside predictions for Bitcoin prices and Federal Reserve rate cuts. Polymarket’s future activity will be worth watching as 2025 unfolds.
Clever Robot News Desk 30th December 2024
