Polymarket's July was nothing short of extraordinary. They did $387M in handle, tripling June's previous record of $111M.
https://dune.com/rchen8/polymarket
A few days into August, they have done $56M, or about $15M per day. This down a bit from peak betting two weeks ago, where Joe Biden dropping out, and Kamala Harris inheriting the nomination led to consecutive days of more than $25M bet every day.
So far in August, daily handles are down a bit, though not much, and user levels are at an all time high.
What will Polymarket end up doing in August? Will they match the highs of July? Or possibly even exceed them, as the site goes more mainstream, and as election betting continues to go up and up -- as well as other markets, like the Olympics.... but mostly the election markets.
https://polymarket.com/elections
We will adjudicate this market, according to Richard Chen's Dune dashboard, linked above.
1,000🏅 Top traders
| # | Trader | Total profit |
|---|---|---|
| 1 | Ṁ10,932 | |
| 2 | Ṁ2,890 | |
| 3 | Ṁ1,696 | |
| 4 | Ṁ1,356 | |
| 5 | Ṁ509 |
People are also trading
@Moscow25 I wouldn't do that. There is a chance. People are air drop farming it for starters, and something could happen to Trump or Harris. Remember the assassination attempt?
We are at $431M with three days left to go to get to $451M.
The smallest single day we've seen all month is $10M
If close, it will be decided by this Dune dashboard. However it is calculated.
https://dune.com/rchen8/polymarket
My guess is we cross over a day early... but still a chance that everyone is in Burning Man with no VPN and the volume hits a local minimum... unlikely but possible.
We're 40% into the month and at $185M bet. Doing about $15M on a median day, though more on peak days.
$450M will be an interesting target. Market is probably correct to have 450-600 as a favorite, but may be close...
In general you expect August to be a slower month for most things. And huge things like Trump assassination, VP pick seems to be like behind us?
this market too @jacksonpolack
https://manifold.markets/Moscow25/when-will-polymarkets-main-us-presi
I keep putting up "Plus" liquidity and seems and multi-choice market it still moves like a Mini...
