With 33 days until the 2024 U.S. election on Nov. 5, demand for Polymarket continues to grow. Current data indicates the largest market is “Presidential Election Winner 2024,” with $89,067,490 in 30-day volume. As of 10:39 a.m. EDT on Thursday, the odds for candidates Donald Trump and Kamala Harris are evenly split at 50%.
Polymarket’s September volume, at $533.51 million, outpaced August by $61.51 million. The highest daily volume occurred on Sept. 11, but Oct. 2 and 3 have already set new daily records. Sept. 30 saw the platform’s peak daily user count with 16,702 participants.
Despite a slight dip in open interest during September, it rebounded to a peak of $136 million. Polymarket monthly new accounts also reached an all-time high in September with 89,958 new accounts. At the end of the month, election betting took 84% of Polymarket’s market share of predictions, with election bettors accounting for 64% of its users.
Other popular bets include “Israeli forces enters Lebanon in September?,” “Eigenlayer market cap (FDV) one day after launch?,” and “Fed Interest Rates: November 2024.” As Polymarket gains traction leading up to the 2024 U.S. election, its record-breaking volumes and expanding user base show rising interest in predictive markets. Given that election-related bets dominate the platform, it remains to be seen if volumes will decline post-election, as the outcome may affect user engagement.
What do you think about Polymarket’s September volume? Share your thoughts and opinions about this subject in the comments section below.
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