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Animoca Brands Research: Polymarket’s Popularity Will Persist after Election
Animoca Brands Research has released a new report suggesting that Polymarket, a decentralized betting platform, is likely to retain its users even after the US presidential election. The platform’s popularity has skyrocketed in recent months, and analysts believe its appeal goes beyond the high-profile election event.
Between April and October, Polymarket’s monthly trading volume jumped from $40 million to an astonishing $2.5 billion. This represents a massive increase in user engagement and activity on the platform. Open interest on Polymarket also climbed significantly, rising from $20 million to $400 million during the same period.
Polymarket’s Appeal Extends Beyond the Election
In October alone, the platform’s website attracted 35 million visits, highlighting its rapid rise in popularity. Polymarket has become a standard reference not only in crypto media but also in ma
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