From Cointelegraph

August 5, 2024 7:37:38 pm:

In recent news, Polymarket, a decentralized prediction platform, has amassed over $500 million in bets on the potential winner of the 2024 US presidential election. This highlights the growing popularity and interest in prediction markets for major political events.

The significant amount of money being wagered on Polymarket reflects the increasing acceptance and recognition of decentralized prediction platforms in forecasting future outcomes. This trend showcases the growing influence of cryptocurrency and blockchain technology in traditional sectors like politics.

With over $500 million in bets on the 2024 US presidential election, Polymarket has become a major player in the prediction market industry. This success indicates a shift towards decentralization and transparency in forecasting political events, as individuals seek alternative ways to engage with and predict future outcomes.

Read more at Cointelegraph: US senators urge CFTC to finalize ban on election betting