The Role of Crypto in Polymarket: Exploring the Blockchain Framework Supporting $35B in Predictions

Polymarket's Growth: Polymarket has transformed from a niche crypto project into a $9 billion prediction market platform, leveraging blockchain technology to operate without intermediaries and ensuring transparent transactions through smart contracts.

Stablecoin Utilization: The platform exclusively uses USD Coin (USDC) for transactions, providing users with stability against crypto volatility while allowing global access and low transaction fees, making micro-betting feasible.

Liquidity and Market Influence: Polymarket's prediction markets attract significant liquidity from crypto traders, which enhances the efficiency of predictions across various categories, while also influencing crypto market movements based on prediction outcomes.

Institutional Recognition: The platform has gained attention from major institutions, evidenced by significant investments and partnerships, including a $2 billion investment from Intercontinental Exchange, highlighting the growing integration of prediction markets into traditional finance.