# The Prediction Market Pickle

*Author: Bankless*
*Published: Jul 9, 2024*
*Source: https://www.bankless.com/fr/the-prediction-market-pickle-2*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/06/Frame-50572--1--2.png)](https://www.bankless.com/sponsor/mantle-1706216729?ref=the-prediction-market-pickle&email=true)

  
The Prediction Market Pickle
    
  

  
  Published on July 9, 2024

[
  
  View in Browser

](https://bankless.com/read/briefs)
 

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[**Sponsor: Mantle**](https://www.bankless.com/sponsor/mantle-1706216729?ref=the-prediction-market-pickle&email=true) — Mass adoption of decentralized & token-governed technologies.

[Visit mantle.xyz to Learn More](https://www.bankless.com/sponsor/mantle-1706216729?ref=the-prediction-market-pickle&email=true)

.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
GOP Goes Full Crypto
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/07/Group-15--68--1.png)](https://www.bankless.com/dashboard)- 🐘 **GOP Make Combating Crypto Crackdown an Official Stance**. Trump's pro-crypto stance makes it onto the party's official 2024 platform.
[*Read more on Bankless.com*](https://www.bankless.com/gop-make-combatting-crypto-crackdown-an-official-stance)
- 🗿** BlackRock's BUIDL Fund Surpasses $500M AUM.** The tokenized megafund is only getting larger.
[*Read more on Bankless.com*](https://www.bankless.com/blackrocks-buidl-fund-surpasses-500m-aum)
- **👩‍⚖️ FTX Execs Who Testified Against SBF Set to be Sentenced. **Nishad Singh and Gary Wang will both be sentenced this fall.
[*Read more on Bankless.com*](https://www.bankless.com/ftx-execs-nishad-wang)

.  .  .

 
  
    

    MARKET VIBES

  
  

    Overcorrection?
  
   
     
   
     
    
 

**📸 Daily Market Snapshot: ***Traders seemed to signal a lull in the selloff Tuesday as the majors saw small bumps, while a number of previously over-performing altcoins rebounded after weeks of unrelenting capitulation. TIA climbed 18% on the day, while SEI pushed up 16% and SUI climbed 9%.*

Prices as of 5pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.12T
       

 
    
    ↗2.1%
    
  

  
    
    ↘7.8%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $57,865
       

  
    
    ↗2.6%
    
  

   
    
    ↘6.6%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $3,061
       

  
    
    ↗1.6%
    
  

   
    
    ↘10.4%
    
  
  

       ![](https://bankless.com/assets/cdn/tokens/2024-07-09/22861-png-8eaa05ea287c9f1f25d90e768615763d.png)
    

  **TIA**
   
          $7.07

       

  
    
    ↗17.9%
    
  

   
    
    ↗20.4%
    
  

  

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🔒**New Token Rating: **Celestia had been decimated, closing last week down 80% off February highs. Is 5 days of decent price action enough to turn the tide for TIA?[Unlock TIA on Token Hub](https://www.bankless.com/tools/token-hub/celestia)

.  .  .

 
  
    

ANALYSIS

  
  
    
   
The Prediction Market Pickle
  
  
   
     
     Bankless Author: 
     
       [
       
       Jack Inabinet](https://x.com/JackInabinet)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/07/image---2024-07-09T165142.497.png)](https://www.bankless.com/the-prediction-market-pickle)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.

*Today, we’re discussing what the post-election future holds for crypto's buzziest prediction platform* 👇

[Read the Full Analysis](https://www.bankless.com/the-prediction-market-pickle)
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