🚀 Polymarket Sees Record Trading Volume and Traffic in September
#Polymarket #TradingVolume #PredictionMarket #ElectionBetting #RecordTraffic #OpenContracts #Similarweb #Kalshi #Predictit #MarketTrends
According to Odaily, as of September 9, the prediction market platform Polymarket has achieved a trading volume of $137.3 million, surpassing the total trading volume of June this year, which was $111.56 million, and all previous months combined. On September 6, Polymarket recorded its highest daily trading volume in the past three months, reaching $34 million. In August, the platform's total trading volume amounted to $472 million. This week, approximately 75% of Polymarket's trading volume came from election betting. Additionally, Polymarket's open contracts have set a record, exceeding $120 million. Similarweb statistics indicate that Polymarket.com is ranked 5097 globally and 1666 in the United States. Over the past 30 days, the website has attracted 13.8 million visits. This month, Polymarket's traffic has surpassed that of its competitor Kalshi.com, which had 227,000 visits. Polymarket also leads in ranking and global traffic compared to another prediction market, predictit.org, which is ranked 10,457 globally and 2,041 in the United States, with 6.9 million visits last month.#Polymarket #TradingVolume #PredictionMarket #ElectionBetting #RecordTraffic #OpenContracts #Similarweb #Kalshi #Predictit #MarketTrends
🚀 PredictIt Secures CFTC License for New Exchange Launch
#PredictIt #CFTC #Aristotle #exchange #clearinghouse #predictionmarket #politicalforecasting #regulation #ForesightNews
According to Foresight News, PredictIt, initially focused on political forecasting, has announced that its operator, Aristotle, has received a license from the U.S. Commodity Futures Trading Commission (CFTC) to operate an exchange and clearinghouse. This license is a crucial component for the prediction market exchange to handle transactions. The company's application had been pending since the end of 2021, and PredictIt plans to launch the new exchange in October.
In recent months, the CFTC has approved several new prediction market exchanges, expanding the number of regulated companies. This approval allows customers to place bets on various outcomes, including interest rate changes, sports tournaments, and political results.#PredictIt #CFTC #Aristotle #exchange #clearinghouse #predictionmarket #politicalforecasting #regulation #ForesightNews