Polymarket's Popularity Expected To Persist Post-U.S. Election

According to Odaily, analysts from Animoca Brands Research suggest that users of Polymarket are likely to continue engaging with the platform following the conclusion of the U.S. presidential election. The report highlights that Polymarket, an on-chain prediction market offering quantitative odds on future events, has experienced a significant surge in monthly trading volume. Between April and October, the platform's trading volume skyrocketed from $40 million to $2.5 billion. Concurrently, the open interest on the platform increased from $20 million to $400 million. In October alone, Polymarket's website attracted 35 million visits, underscoring its growing popularity. The platform has not only gained traction within the crypto media but has also become a standard reference in mainstream news outlets. This widespread recognition indicates a broader acceptance and interest in blockchain-based prediction markets, which offer unique insights into future events through decentralized and transparent mechanisms.