As a seasoned crypto investor with a keen eye for innovative projects and a knack for spotting potential winners, I have to say that the success of Polymarket last night was nothing short of impressive. Having navigated through the volatile crypto market for years, I’ve seen my fair share of ups and downs, but the resilience and performance of Polymarket during the U.S. presidential election truly stood out.
As a researcher exploring the dynamic world of cryptocurrencies, I’m thrilled to observe the global acceptance and success of Polymarket, an on-chain prediction market built on the Polygon platform. Last night’s U.S. presidential election saw an unprecedented surge in traffic, yet Polymarket managed to handle it flawlessly, without a single delay. Remarkably, it transformed into a reliable real-time news hub, providing up-to-the-minute election results.
“Huge win for Polymarket”: Crypto Twitter excited as largest PM app works like clockwork
Last night, Polymarket, a popular cryptocurrency application built on the Polygon network (POL), grabbed attention. Amidst global focus on the results of the U.S. presidential elections, Polymarket’s dashboards stood out as the most current sources of data.
It’s been announced that the Trump campaign headquarters has discovered, quite unexpectedly, that they are leading in the polls based on information from Polymarket. Today marks a remarkable and extraordinary turn of events.
β Shayne Coplan (@shayne_coplan) November 6, 2024
In a casual conversation, it could be expressed as: “Shayne Coplan, the founder of Polymarket, mentioned an unconfirmed report suggesting that political candidates’ teams were also utilizing his app to gain precise stats.
Because the app doesn’t show any ads and simultaneously calculates the probabilities for different events (such as “swinging states” data, control of the House, and the likelihood of a victory speech being given before the release of official results), it has been labeled as a clean, unbiased platform.
As an analyst, I’ve noticed a pattern in traditional media: They tend to share minimal information to keep you engaged throughout the night, primarily for advertising purposes. In contrast, Polymarket focuses on delivering factual content to you.
Additionally, it came as a shock to everyone on Cryptocurrency Twitter when Polymarket demonstrated its ability to handle large surges in traffic without any issues. Even ardent Bitcoin supporters acknowledged its widespread appeal, ease of use, and robustness.
Traditional media struggles to acknowledge that their predictions, based on polling data, were off the mark, while the alternative platform, Polymarket, got it right.
β Jameson Lopp (@lopp) November 6, 2024
Today, Polygon (POL) blockchain, known for its reliability, received praise from Haseeb Qureshi, a well-known figure in crypto investing, as it managed to operate without any interruptions.
Could we momentarily acknowledge @0xPolygon for skillfully managing the high volumes on Polymarket at this time? π
The traffic is immense, yet there haven’t been any noticeable downtimes or problems that I’m aware of.
β Haseeb οΌ|οΌ (@hosseeb) November 6, 2024
The achievement of Polymarket was also acknowledged by the Solana community. In fact, Mert Mumtaz, a prominent figure in the Solana RPC service Helius, publicly expressed that the leader of Polymarket has made the entire crypto world proud over the past few months and handled criticism with poise.
$47,353,871 in PnL: Polymarket whale expects insane payouts
Apart from its strong technological foundation, Polymarket has gained attention due to a massive surge of investments as cryptocurrency users placed wagers on the U.S. presidential candidates. In the past few weeks alone, more than $3.5 billion worth of funds have flowed into Polymarket.
With the election results finally revealed, some fortunate gamblers are preparing to rejoice over substantial winnings. Remarkably, a large whale from France named “ThΓ©o” has just struck it big with a staggering $47 million jackpot.
Polymarket whale total P&L across his 4 accounts = $47,353,871
β Googly π (@0xG00gly) November 6, 2024
The generosity of their rewards could potentially rank among the highest ever seen in political wagering. Major players on the Polymarket platform are anticipating payouts ranging from $11 million to $16 million.
Read More
- SOL PREDICTION. SOL cryptocurrency
- USD PHP PREDICTION
- USD COP PREDICTION
- BTC PREDICTION. BTC cryptocurrency
- TON PREDICTION. TON cryptocurrency
- Strongest Magic Types In Fairy Tail
- LUNC PREDICTION. LUNC cryptocurrency
- AAVE PREDICTION. AAVE cryptocurrency
- ENA PREDICTION. ENA cryptocurrency
- THL PREDICTION. THL cryptocurrency
2024-11-06 16:18