Polymarket processes $118M in World Cup markets on opening day

The prediction market said average daily volume topped $20 million in May and exceeded $40 million in the days before the tournament began, signaling elevated trading interest early in the event.

Summary

Polymarket said it processed $118 million in World Cup markets on opening day, marking a record high for the platform's event-related trading. The prediction market added that average daily volume crossed $20 million in May and moved above $40 million in the days leading into opening day. With 32 teams and 64 matches in the tournament, the figures suggest trading activity could remain elevated as the event continues.

Terms & Concepts
  • Polymarket: A crypto-based prediction market platform
  • prediction market: A venue for trading on event outcomes