Satoshi

2024

Satoshi Nakamoto

President Donald Trump

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 <li>Polymarket surpasses $2B in trading volumes, driven by speculation on the 2024 U.S. Presidential election.</li>   
 <li>Daily transactions on Polymarket hit a record 93,000, fueled by rising interest in U.S. elections and Satoshi Nakamoto bets.</li>   
 <li>The Presidential Election Winner 2024 bet on Polymarket sees $1.19B in volume, attracting massive user activity.</li> 
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<p>Polymarket has recently recorded high traffic activity as well as higher transactional flow in the recent months. According to Dune Analytics, trading volumes on Polymarket crossed $2 billion in all-time trades. This rise is attributed primarily to increasing expectations prior to the U.S Presidential election.</p>   
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<p>In September, the platform achieved a trading volume of $486 million. The trading volume is expected to increase this month as the total for October has already surpassed $161 million. Data from <a href="https://app.artemisanalytics.com/project/polymarket?from=sectors" target="_blank" rel="noreferrer noopener nofollow">Artemis</a> revealed a peak in the number of new daily active wallets over a two-week period, suggesting an increase in platform users. Polymarket achieved a new daily transactions record on October 3rd, peaking at 93,000 in just one day.</p>   
<h2 class="wp-block-heading" id="h-election-betting-spurs-polymarket-growth"><strong>Election Betting Spurs Polymarket Growth</strong></h2>   
<p>Polymarket’s growth has largely been driven by the <a href="https://cryptonewsland.com/harris-vs-trump-polymarket-reveals-a-closely-fought-election-battle/" target="_blank" rel="noreferrer noopener">high stakes</a> of the U.S. Presidential election. The "Presidential Election Winner 2024" bet alone has amassed over $1.19 billion in volumes.&nbsp;</p>   
<p>The bet, which will close on November 4th, one day before the election, has become a central focus of activity on the platform. Former President Donald Trump leads the betting markets with 49.9% of wagers, while Vice President Kamala Harris holds 49.1%.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-satoshi-nakamoto-bet-gains-attention"><strong>Satoshi Nakamoto Bet Gains Attention</strong></h2>   
<p>Besides election-related bets, Polymarket is also seeing increased attention in other prediction markets. A <a href="https://polymarket.com/event/who-will-hbo-doc-identify-as-satoshi?tid=1728202523068" target="_blank" rel="noreferrer noopener nofollow">new bet</a>, "Who will HBO doc identify as Satoshi?" has gained traction after HBO announced a documentary set to air on October 8th.The documentary aims at unmasking the real owner of Bitcoin, Satoshi Nakamoto. So far, the total of bets on this bet has crossed the $814,000 mark within 48 hours of its launch. Some people think that the <a href="https://cryptonewsland.com/could-len-sassaman-be-bitcoins-creator-hbo-documentary-set-to-explore-satoshi-mystery/" target="_blank" rel="noreferrer noopener">documentary will suggest</a> that Nakamoto is Len Sassaman, a computer scientist who passed away in 2011.</p>   
<p>Polymarket’s rapid growth highlights the increasing interest in blockchain-based betting. While the platform thrives, its native token, <a href="https://polygon.technology/pol-token" target="_blank" rel="noreferrer noopener nofollow">POL</a>, has not seen a similar spike in value. However, the site's sustained activity could potentially drive further engagement across the Polygon network.</p> 
<p>The post <a href="https://cryptonewsland.com/polymarket-betting-volumes-surge-beyond-2-billion/">Polymarket Betting Volumes Surge Beyond $2 Billion as U.S. Presidential Election Fuels Speculation</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Polymarket Betting Volumes Surge Beyond $2 Billion as U.S. Presidential Election Fuels Speculation

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