{"id":33445,"date":"2024-07-02T07:30:11","date_gmt":"2024-07-02T07:30:11","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/polymarket-hits-111-million-in-june-bets\/"},"modified":"2024-07-02T07:30:11","modified_gmt":"2024-07-02T07:30:11","slug":"polymarket-hits-111-million-in-june-bets","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/polymarket-hits-111-million-in-june-bets\/","title":{"rendered":"Polymarket Hits $111 Million in June Bets"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Polymarket, the crypto-based prediction market platform, saw its volume exceed $100 million in June, marking a record month. According to Dune Analytics, users placed a total of $111 million in bets last month. This milestone coincides with Polymarket\u2019s four-year anniversary and growing interest in the upcoming November U.S. election.<\/p>\n<p>President Joe Biden\u2019s performance at last week\u2019s presidential debate acted as a major catalyst for this surge. After the debate, Biden\u2019s odds of winning the presidency fell sharply from 33.5% to 18%, while Trump\u2019s odds rose to 63%.<\/p>\n<p>Another highly traded contract speculated on whether Biden would drop out of the race. Post-debate, the \u201cyes\u201d shares in this contract jumped from 19 cents to 44 cents, reflecting a 44% probability that Biden might bow out. Each share pays out $1 in USDC stablecoin if the prediction is correct.<\/p>\n<p>In addition to political events, Polymarket users also bet on <a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a> price predictions. A current contract suggests a 78% chance that Bitcoin will be above $61,000 by July 5.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/polymarket-hits-111-million-in-june-bets\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Polymarket, the crypto-based prediction market platform, saw its volume exceed $100 million in June, marking a record month. According to Dune Analytics, users placed a total of $111 million in bets last month. This milestone coincides with Polymarket\u2019s four-year anniversary and growing interest in the upcoming [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":33446,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33445"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=33445"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33445\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/33446"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=33445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=33445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=33445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}