During the dog days of summer, Polymarket’s election betting surged on (correct) speculation that the Democrats would make a „hot swap” of Joe Biden for Kamala Harris as their presidential candidate. Trading volume grew and grew through the fall. All along, <a href=”https://www.coindesk.com/business/2024/08/29/can-prediction-market-boom-continue-after-election-this-crypto-team-has-a-plan” target=”_blank”>doubts lingered</a> about whether the platform’s trader base would hold steady after the ballots were cast.
On Election Day, the research arm of gaming and VC giant Animoca put out a <a href=”https://research.animocabrands.com/post/cm34k8cug43d007mi0zpie48a” target=”_blank”>report</a> with a bold prediction: there’s nothing for Polymarket to worry about. The crypto-based prediction market, according to the report, had a significant base of non-election bettors to carry it through.
Naturally, there would be smaller numbers – what can be as captivating as a
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