Trump election bets boost Polymarket volumes to record $116M in July

A massive surge in US Presidential election bettors has already brought Polymarket record-breaking volumes just two weeks into July.

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Fevered speculation over the United States presidential election has driven crypto prediction platform Polymarket's volumes to record levels — with more volume recorded in the first two weeks of July than any other month in its history.

According to Dune Analytics, Polymarket has witnessed $116.4 million in volume this month,  surpassing the $111.5 million in volume throughout June, its previous top month.

Much of the volume traded across the prediction market can be directly attributed to speculators betting on the outcome of the United States presidential election.

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