Crypto Markets and Polymarket Moves on Election Eve
While the election results may impact the short-term trend of digital assets, the industry will remain on a path for sustained, long-term growth as market uncertainty fades.
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While the election results may impact the short-term trend of digital assets, the industry will remain on a path for sustained, long-term growth as market uncertainty fades.
JinseFinancePrediction markets like Polymarket have emerged as traditional polling methods and mainstream media face increasing skepticism due to concerns about bias and lack of transparency.
JinseFinancePolymarket users have reported their wallets being drained after logging in with Google accounts, though those using MetaMask or TrustWallet extensions were unaffected. Polymarket claims the issue is isolated, but affected users remain concerned.
CatherineGrayscale Research believes that Polymarket has the potential to become a “source of truth” by leveraging the transparency and record-keeping of blockchain technology, market incentives, and the collective wisdom of users.
JinseFinanceDonald Trump's odds of winning the November election have surged to 53% on Polymarket, reversing a previous dip. His recent support for cryptocurrencies is resonating with crypto investors, giving him a lead over Kamala Harris among this demographic.
HafizThe crypto market is known for its huge volatility, and prediction markets allow users to participate in the prediction of the outcomes of major events in a more stake-based way. This chart summarizes the prediction events with large trading volumes for investors to more accurately grasp the current market context.
JinseFinanceAs the crypto industry moves into the consumer application phase, Polymarket’s success in temporarily replacing existing prediction markets is significant.
JinseFinancePolymarket shows a near tie between Trump and Harris for the 2024 election, with crypto stances influencing the race. Trump holds a slight edge as debates approach.
EdmundPolymarket’s recent success is almost entirely a result of the election.
JinseFinanceAs the expectations of $ETH ETF passing heat up, the market’s attention is gradually returning to the EVM ecosystem. As the largest prediction market on the chain, Polymarket has attracted much attention because of whether $ETH ETF can pass smoothly.
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