Polymarket, a leading prediction market platform, saw significant user engagement around the US presidential election, major sporting events, and crypto milestones. Despite a drop-off in user activity after the election, overall volume and activity remained on an upward trend. The platform attracted a broad audience base beyond financial and political predictions, tapping into mainstream entertainment and sports. Trading volumes surpassed $2.4 billion monthly, but fell to around $80 million per day in November, indicating continued interest in markets outside US politics. Polymarket’s performance and strong user engagement suggest the crypto prediction market bubble has not popped.
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