Donald Trump

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    <h4 class="relative p-1 rounded-sm flex items-center justify-center bg-token-main-surface-primary text-token-text-primary h-8 w-8"><strong>This development was announced in an August 29 X post by Michael McDonough, Bloomberg’s chief economist for financial products.</strong></h4> 
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      <p>It also highlights the growing adoption of Web3 technologies by traditional financial institutions. Let’s discover more about this important news for Polymarket.</p> 
      <h5><strong>Bloomberg Embraces Web3 with Polymarket Integration</strong></h5> 
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<p>Polymarket, built on the <a href="https://www.altcoinbuzz.io/?s=polygon" target="_blank" rel="noopener">Polygon network,</a> allows users to create and place bets on various event outcomes. This leverages transparent on-chain data and smart contracts for transactions. This <a href="https://polymarket.com/" target="_blank" rel="noopener">platform</a> has become a leading source for real-time election odds, with August’s trading volume nearing $450 million, according to <a href="https://dune.com/rchen8/polymarket" target="_blank" rel="noopener">Dune Analytics</a>. Total bets on the November 4 U.S. presidential election on Polymarket have approached $760 million.</p> 
<p>Bloomberg’s integration will feature Polymarket’s odds for the U.S. presidential election alongside data from other prediction markets, such as PredictIt, and traditional polling services. As the world’s most popular institutional financial data platform, Bloomberg Terminal commands approximately one-third of the market share for financial data services, with around 350,000 global subscribers, as noted by <a href="https://www.wallstreetprep.com/knowledge/bloomberg-vs-capital-iq-vs-factset-vs-thomson-reuters-eikon/" target="_blank" rel="noopener">Wall Street Prep</a>.</p> 
<p><img decoding="async" class="wp-image-149454 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/08/01919f35-f89a-70fc-a6ae-d6df33dfaef9-300x157.webp" alt="" width="689" height="361" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/08/01919f35-f89a-70fc-a6ae-d6df33dfaef9-300x157.webp 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/08/01919f35-f89a-70fc-a6ae-d6df33dfaef9-768x401.webp 768w, https://www.altcoinbuzz.io/wp-content/uploads/2024/08/01919f35-f89a-70fc-a6ae-d6df33dfaef9-804x420.webp 804w, https://www.altcoinbuzz.io/wp-content/uploads/2024/08/01919f35-f89a-70fc-a6ae-d6df33dfaef9-696x364.webp 696w, https://www.altcoinbuzz.io/wp-content/uploads/2024/08/01919f35-f89a-70fc-a6ae-d6df33dfaef9.webp 951w" sizes="(max-width: 689px) 100vw, 689px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://www.bloomberg.com/professional/products/bloomberg-terminal/?utm_source=bloomberg-menu&amp;utm_medium=bcom#overview" target="_blank" rel="noopener">Bloomberg</a></strong></h6> 
<h5><strong>More About Polymarket</strong></h5> 
<p>Polymarket’s data provides insights into electoral odds, with recent figures showing Republican candidate Donald Trump holding a slight edge over Democrat Kamala Harris, with odds of 50% versus 48%, respectively. This reflects Polymarket’s role as a critical tool for tracking political trends and market sentiments.</p> 
<p>The move to incorporate Polymarket’s blockchain-based prediction data highlights the broader trend of traditional financial institutions embracing Web3 technologies. Polymarket’s innovative approach to prediction markets exemplifies how decentralized platforms are increasingly influencing financial and political analysis.</p> 
<p><img decoding="async" class="wp-image-149455 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/08/vcxvcbvbnnbvnjg-238x300.jpg" alt="" width="501" height="632" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/08/vcxvcbvbnnbvnjg-238x300.jpg 238w, https://www.altcoinbuzz.io/wp-content/uploads/2024/08/vcxvcbvbnnbvnjg-333x420.jpg 333w, https://www.altcoinbuzz.io/wp-content/uploads/2024/08/vcxvcbvbnnbvnjg.jpg 395w" sizes="(max-width: 501px) 100vw, 501px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/Polymarket/status/1829236736079093917" target="_blank" rel="noopener">X</a></strong></h6> 
<p>However, Polymarket faces competition from emerging platforms in the Web3 space. For instance, the Solana-based Drift Protocol’s BET platform <a href="https://www.altcoinbuzz.io/cryptocurrency-news/bet-on-drift-surpasses-polymarket-in-24-hour-volume/" target="_blank" rel="noopener">surpassed</a> Polymarket in daily trading volume for the first time on August 29. This competition indicates a rapidly evolving landscape for prediction markets and the growing importance of Web3 in the financial sector.</p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/bloomberg-adds-polymarket-election-odds-to-terminal/">Bloomberg Adds Polymarket Election Odds to Terminal</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Bloomberg Adds Polymarket Election Odds to Terminal

Altcoin Buzz

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