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Founder & CEO of 51 Ventures | Empowering Web3 leaders, brands & investors with cutting-edge insights
🚨This crypto consumer app has exploded 100x in volume this year & is all over the news.🤯 Don't miss this 👇 Let's unpack:📦 It's called Polymarket and became the world's largest prediction market. Prediction... what? 🤔 Prediction markets allows users to bet on the future outcomes of a huge range of topics like politics, sports, current events and stocks. So what? This allows Polymarket to captures real-time sentiment, engages users and provides an unbiased view of significant events. 𝗘𝘅𝗮𝗺𝗽𝗹𝗲: The odds of Trump’s victory surged to 70% on Polymarket following the shooting on July 14. 2024 presidential election is the most hottest topic on the platform. By the numbers: 📈 • New wallets visiting Polymarket jumped from 19K to 36K in June with a surge in monthly active traders by 53% • Polymarket holds over 85% of the market share for election betting globally. • Polymarket secured $70M in funding across two rounds led by Peter Thiel and Vitalik Buterin this May 𝗪𝗵𝘆 𝗶𝘁 𝗺𝗮𝘁𝘁𝗲𝗿𝘀: 💡 Often, Polymarket gets it right even before the media. By financially incentivizing prediction quality and therefore “truth-finding” in an era of false information, it’s becoming a powerful information tool and the Internet’s source of truth. here's where it gets interesting. 𝗧𝗵𝗲 𝗯𝗶𝗴 𝗽𝗶𝗰𝘁𝘂𝗿𝗲: 🔮 Polymarket signals a trend: the public's desire for alternative, crowd-sourced information. Unlike traditional prediction markets limited to institutions, Polymarket allows anyone to participate. This is a big opportunity for brands, too. Why? 👉Find it out in our deep dive: https://lnkd.in/eHR33pJZ