More than one-third of the platform’s lifetime volume was traded in July, with speculators betting hard on the US presidential race.
Crypto betting platform Polymarket has surpassed $1 billion in trading volume, with more than one-third of the volume brought on by wagers in just the last thirty days.
Polymarket witnessed $343 million in betting volume as of July 30, a significant step up from $111 million in June and $63 million in May, according to data from Dune Analytics.
Fevered speculation over the United States presidential election has been the primary driver of the record volume.
