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Polymarket hits US$2.5 billion in volume amidst the US presidential election. TON Foundation launches Society DAO to enhance decentralised governance. Swell launches optimistic rollup in Optimism Superchain
The market capitalisation and volatility indices were negative at -8.97% and -23.11%, respectively, while the volume index was positive at +3.99%.
Election-betting markets have risen in popularity during the US presidential election cycle. Polymarket, a blockchain-based prediction platform, saw its monthly trading volume exceed US$1 billion in October, with a cumulative trading volume of $2.45 billion from August to 6 November 2024.
Kalshi, another prediction marketplace, started accepting USDC deposits on 28 October, enabling US traders to bet on the presidential election and congressional races. This move has led to over $20 million in USDC being deposited by 21,000 users within 36 hours of its launch.
| Research Roundup Newsletter [September 2024] |
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