Prediction markets have seen a significant surge in activity, with Polymarket recording $100 million in monthly volume for June, marking the first time a prediction market on Ethereum has surpassed this milestone.
This increase is largely attributed to heightened interest in election predictions. Additionally, there are opportunities for arbitrage, as evidenced by the price discrepancies between platforms such as Polymarket, PredictIt, and Smarkets.
Polymarket currently has $200 million in crypto bets on the line, indicating a growing mainstream acceptance of on-chain prediction markets.
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#undefined [Source: TheDefiant]