Polymarket open interest plummeted 64% after the election, falling to $184.16 million on November 8
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Odaily Planet Daily Report: After the US presidential election on November 5, the open interest contracts on the decentralized prediction market Polymarket plummeted 64%, with Republican Donald Trump being elected as the 47th president. The data shows that Polymarket's open interest contracts soared to $510.95 million on November 5, and then fell to $184.16 million on November 8. Polymarket founder and CEO Shayne Coplan posted on the X platform on November 6, stating: "There is no doubt that Polymarket single-handedly determined the election outcome."
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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