No surprise that Prediction markets are expanding into perps: Even with the recent mid-terms, Polymarket trading volumes are basically flat over the year. But while volumes are…
Original source excerpt
No surprise that Prediction markets are expanding into perps: Even with the recent mid-terms, Polymarket trading volumes are basically flat over the year. But while volumes are stable, active wallet…
No surprise that Prediction markets are expanding into perps: Even with the recent mid-terms, Polymarket trading volumes are basically flat over the year. But while volumes are stable, active wallets, open interest and tx count are in decline. --- Most of users are indeed speculators & gamblers as election volumes are minuscule compared to sports and crypto . So perps are enticing to Polymarket as they can squeeze speculators even more. Still, unfortunate as I wish they focused on making their prediction market a better product and leave perps to HL, Lighter, Variational etc. P.s. I don't even bother to report Kalshi data as their washtrading volumes are off the charts right now.
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