Election Fever Pushes Polymarket to $533M in September, Setting New Records

CN
4 hours ago

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.

Election Fever Pushes Polymarket to $533M in September, Setting New Records

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.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
Download

X

Telegram

Facebook

Reddit

CopyLink