Polymarket reposted this
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
Wow. I just signed up for the platform. However, the majority of the bets are on topics related to the US market. Can they attract and expand to the global market?
Great comment but you miss a point. This is not a betting platform. When a two sided trade can be bought/sold at any point in the market (through an actual order book) depending on the outcome probabilities of an event, we call that a derivative instrument trade. Most trades on the "platform" are organized as Binary Options and Credit Default Swaps. In fact, they could be assimilated to an Exchange that provides access to listings of complex financial instruments aimed at a retail public. I am not sure the local financial regulator will fully appreciate that in the short run but there is obviously a significant regulatory and supervisory challenge they will have to face...
Extremely interesting product. Also another crypto app/trend that is sucking liquidity away from traditional igaming companies, next to meme coins and leverage trading. Interesting times.
Interesting share!
Exciting times for both traders and brands looking to tap into this powerful tool!
Polymarket, a booming crypto app, has become the world's largest prediction market, revolutionizing real-time sentiment tracking and unbiased event forecasting.
It's a very good tool for prediction.
scam
Polymarket is the news
Founder & CEO of 51 Ventures | Empowering Web3 leaders, brands & investors with cutting-edge insights
3moRead the full deep dive: https://www.dematerialzd.xyz/p/polymarket-the-truth-machine