According to the Dune Analytics dashboard created by Richard Chen, general partner of 1Confirmation, Polymarket’s transaction volume in June has exceeded $111 million, a 77% increase compared to May, and monthly active users have reached 29,432, an increase of 116% , both setting the highest record since the project was launched.
The substantial growth of Polymarket interactive data is absolutely related to the US presidential election. Currently, the prediction theme with the highest stakes on the Polymarket platform is the 2024 U.S. presidential election, with total bets exceeding 200 million mg. In addition to this, the top prediction themes for bets are almost all related to the election.
Fideum CEO and co-founder Anastasija Plotnikova said:
“Industry and individuals have really taken notice and made their preferences clear. Cryptocurrency users have been very quick to react and express their thoughts on platforms like X and Polymarket, clearly demonstrating their support for the candidates. This The phenomenon can also be seen as a political ‘echo chamber’ for all parties.”
As of this writing, Polymarket users give Trump a 63% chance of winning. However, since Polymarket’s users mainly come from the cryptocurrency community, the prediction results presented by a specific group may not reflect the overall opinions.
However, despite the increasing adoption rate of Polymarket, following the previous Taiwanese presidential gambling case, Polymarket has been targeted by Taiwan law enforcement agencies and identified as a gambling website, banning Taiwanese users from accessing the domain.
