Polymarket US Political Trading Volume Hits $234 Million Around U.S. Midterm Elections
JH Kim
Summary
- A report said Polymarket US posted trading volume of $234 million in politics-related markets over the past 30 days.
- It said the U.S. House elections, Texas Senate race, and U.S. Senate elections were the main markets, posting high trading volume.
- In particular, $110 million in trading volume was recorded over the two days from Nov. 3 to Nov. 4, accounting for about 47% of total trading volume over the past 30 days.
Political trading volume on prediction market platform Polymarket US surged around the U.S. midterm elections, reaching $234 million over the past 30 days.
The Block reported on Nov. 5 that Polymarket US recorded $234 million in political trading volume over the past 30 days as voting in the U.S. midterm elections concluded.
Among major markets, trading tied to the U.S. House elections was the largest at $29.5 million. The Texas Senate race followed at $26.1 million, while the U.S. Senate elections drew $15.6 million.
Trading volume rose sharply around Election Day. In particular, $110 million of volume was recorded over the two days from Nov. 3 to Nov. 4, accounting for about 47% of the total over the past 30 days.
JH Kim
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