Politics plays a dominant role in Polymarket, accounting for almost 90% of its trading volume this year, according to data compiled by Richard Chen. As the U.S. presidential election approaches, more bets are being placed on political markets on the prediction platform. However, while politics has been the main driver of volume, non-election markets, such as crypto and pop culture, have also seen significant growth. Chen predicts that after the election, Polymarket’s volume may dip but still remain higher than before the election frenzy began. The platform’s increasing popularity, along with the mainstream adoption of cryptocurrency, has contributed to its upward trend.
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Politics Powers Nearly 90% of Polymarket’s Trading Volume
