Main Points:
- Polymarket integrated by Bloomberg on its election terminal
- Polymarket allows users to bet on real-world events using USDC
- Significant volume on Polymarket from U.S. election bets
- Polymarket’s growing popularity and trading activity
- Bloomberg’s move seen as support for web3 service providers
- Potential for Polymarket to become an international opinion platform
Polymarket Integration by Bloomberg
Bloomberg has decided to incorporate Polymarket data into its election terminal, showing support for the prediction market powered by Polygon. This move is significant as it integrates decentralized betting on real-world events like the U.S. Presidential Election using USDC, providing users with a unique trading experience.
Volume and Bet Trends on Polymarket
88% of Polymarket’s trading volume came from U.S. election bets, with over $750 million wagered on the “Presidential Election Winner 2024” prediction. While election outcomes dominated the platform, spikes in trading activity also occurred during events like the approval of a Bitcoin ETF and the Paris Olympics, showcasing the diverse interests of users on Polymarket.
Bloomberg’s Support for Polymarket
Bloomberg’s integration of Polymarket data signifies a nod from a traditional financial giant towards the emerging web3 service providers. This move not only reinforces the utility of blockchain to investors but also positions Polymarket as a potential global opinion hub, dispelling concerns about its post-election volume sustainability.
