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Polymarket sees significant increase in open interest contracts in geopolitical and NBA entertainment markets
Summary: According to The Block, Polymarket's prediction markets, especially those related to recent global tensions and geopolitical conflicts, have seen a significant increase in open interest (OI) contracts, with markets related to Iran leading the surge last week. Additionally, Polymarket's monthly active traders and trading volume are both less than half of their historical peak levels, ...
According to The Block, Polymarket's prediction markets, especially those related to recent global tensions and geopolitical conflicts, have seen a significant increase in open interest (OI) contracts, with markets related to Iran leading the surge last week. Additionally, Polymarket's monthly active traders and trading volume are both less than half of their historical peak levels, while the number of new markets created has also decreased by 23%. However, the increasing diversification of market types on the platform - reflected in the composition of open interest contracts - indicates a shift from primarily betting on events like the US election to a more broad and event-driven speculative behavior.
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Link: Polymarket sees significant increase in open interest contracts in geopolitical and NBA entertainment markets [Copy]
