U.S. 2020 election boosts use of decentralized prediction markets
The 2020 U.S. election has been a boon for decentralized prediction markets, according to data compiled by The Block Research.
On Augur, open interest recently passed $4 million, primarily driven by Catnip.exchange, a simple end-user interface for Augur’s U.S. election market. According to The Block researcher Mika Honkasalo, open interest on Augur has been steadily increasing by over $1 million or 25% daily, leading up to election day.
Polymarket, a popular newcomer in the prediction markets space, also benefited from the U.S. election, with its election-related markets receiving over $3.5M in trading volume — roughly 91% of total volume on the platform.
© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Go to Source
Author: The Block