Politics dominate Polymarket 🗳️

Election-related bets make up the lion's share of activity on the prediction market.

Author

Stephen Graves
August 20, 2024

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📝 What you need to know

The vast majority of activity on prediction market Polymarket is related to the upcoming U.S. elections, a study has found. However, non-election markets have also seen a “good uptick in volume,” thanks to election-related activity spilling over into other areas.

Crypto continues to figure in the election itself, with reports that Bitcoin miner Marathon Digital has met with the Democratic National Committee Chair. Meanwhile, a top Democratic donor cut ties with crypto super PACs, accusing them of jeopardizing efforts to pass crypto-friendly legislation in Congress.

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