Messari: Polymarket’s resilience after the US election
Messari, polymarket, Messari: Polymarket's resilience after the US election Golden Finance, Polymarket's journey is far from over

Messari, polymarket, Messari: Polymarket's resilience after the US election Golden Finance, Polymarket's journey is far from over
Polymarket successfully predicted that Trump would win the US election with a total trading volume of over $3 billion. The FBI may have suspected that the platform was manipulating the election market, so it raided the New York residence of Polymarket CEO Coplan.
Prediction markets like Polymarket have emerged as traditional polling methods and mainstream media face increasing skepticism due to concerns about bias and lack of transparency.
As Polymarket continues to grow, the platform’s future, especially in terms of token development, remains unclear. The potential for a new token could alter the dynamics of the platform, but whether it will meet community expectations or impact operations positively remains to be seen.
Grayscale Research believes that Polymarket has the potential to become a “source of truth” by leveraging the transparency and record-keeping of blockchain technology, market incentives, and the collective wisdom of users.
The crypto market is known for its huge volatility, and prediction markets allow users to participate in the prediction of the outcomes of major events in a more stake-based way. This chart summarizes the prediction events with large trading volumes for investors to more accurately grasp the current market context.
As the crypto industry moves into the consumer application phase, Polymarket’s success in temporarily replacing existing prediction markets is significant.
Polymarket shows a near tie between Trump and Harris for the 2024 election, with crypto stances influencing the race. Trump holds a slight edge as debates approach.
Polymarket’s recent success is almost entirely a result of the election.
As the expectations of $ETH ETF passing heat up, the market’s attention is gradually returning to the EVM ecosystem. As the largest prediction market on the chain, Polymarket has attracted much attention because of whether $ETH ETF can pass smoothly.