Polymarket is built on Ethereum scaling network Polygon and has gained traction with bettors in recent months.
The prediction market on whether Democratic nominee Kamala Harris or Republican nominee Donald Trump will take the White House has amassed nearly 2.05 billion in betting volume.
Trump has a 62% chance of defeating his Democratic challenger, according to bettors, with Harris sitting at nearly 39%. While the 2 billion mark is noteworthy, it does not mean that billions of dollars worth of cryptocurrency is currently sitting on Polymarket waiting for the outcome of the election.
Some experts believe prediction markets provide a more accurate gauge of election outcomes than traditional polling methods.
Crypto prediction platform Polymarket has amassed over 2 billion worth of betting volume to date for its market focused on the winner of the upcoming US presidential election, with the tally doubling in less than a month.
