Polymarket trading volume, users surge amid US election anticipation, Middle East tensions
Polymarket reported $533.51 million in trading volume in September, a $61.51 million increase from August, driven by interest in the 2024 US presidential election and geopolitical events. Active users rose to 90,037, a 41% increase. The “Presidential Election Winner 2024” market generated $89 million in volume. As of October 3, Donald Trump and Kamala Harris each had 50% of user predictions, with Trump gaining a slight lead after Biden's announcement regarding Iran. September 30 was the busiest day with 16,702 participants, and new account registrations reached a record 89,958. Election betting comprised 84% of market share, with 64% of users focused on elections. Other popular markets included geopolitical and financial predictions. Analysts anticipate sustained demand through the election, but interest may decline afterward. Polymarket's growth is attributed to increased interest in decentralized prediction markets and its transparent betting environment.
