Record July: $116M Election Bets on Polymarket

<h1 class="d-none">Polymarket Hits $116M in July Amidst Election Bets</h1> <h2 class="d-none">Record July for Polymarket: $116M Election Bets</h2> Polymarket Hits $116M in July Amidst Election Bets

Polymarket's volumes hit a record $116.4M in July, surpassing the $111.5M recorded in June, driven by US Presidential election bets.

Fevered speculation over the US presidential election has led to outstanding volumes on Polymarket, breaking historical records.

Dune Analytics data that $116.4M has been traded on Polymarket this month, exceeding the previous record of $111.5M in June.

Political traders have wagered a total of $263.5M on the outcome of the US presidential election, making it a major driver of Polymarket's volume.

Prediction traders favor Trump with a 69% chance of winning the election, while Biden trails at 19%, Harris at 6%, and Michelle Obama at 2%.

Since January, $471.9M has been wagered on Polymarket across various events, including politics, finance, sports, and crypto.

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