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The Prediction Market Pickle

Polymarket's users are picking a President; can they build the ultimate market for truth?
The Prediction Market Pickle
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Interest has never been higher in the Polygon-based prediction market Polymarket.

The platform, which allows traders to create markets around an infinite number of “yes” or “no” outcomes, has caught fire amid a chaotic and volatile U.S. Presidential election. Traders seeking to make a buck off their conviction in which candidate will come out on top have placed hundreds of millions of dollars in bets on the platform over the past several months, pushing Polymarket's business metrics and its name recognition to new all-time highs.

Polymarket has undoubtedly achieved incredible success this year, but with its top nine prediction markets all related to the Presidential Elections, can it keep the momentum going and revolutionize how unbiased information thrives in an AI age?

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Jack Inabinet

Written by Jack Inabinet

907 Articles View all      

Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.

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