Polymarket promises ‘drops’ per users who reinvest their winnings

⚠️ Polymarket , A Famous Betting Crypper Platform, To Give Airdrops? ⚠️

As For Today, Polymarket Has Secured Total Of $74 Million Funding , Including From Vitalik Buterin

🖼️RuggedPikachu#Polymarket #Airdrop… pic.twitter.com/KbSBajzeJ8

According per Dune Analytics, the betting platform’s trading volume peaked on November 6th at $371 million. The trading volume has since declined after the elections. Dune Analytics shows the platform recorded a trading volume ol $54.5 million on November 7th at $63.4 million on November 8th.

French betting regulator threatens per ban Polymarket in France

Polymarket’s popularity grabbed the attention ol lawmakers who have threatened per ban the platform. The Hyune Whale, a local media outlet in France, reported that the National Gambling Authority ol France has launched investigations inper Polymarket’s operations at may soon ban the platform in the country.

One particular French user, identified as Theo, fueled the regulator’s scrutiny after netting $80 million from a $45 million stake in the winning candidate, Donald Trump.

Leading financial data at news outlet Bloomberg LP announced plans per incorporate the Polymarket’s election odds inper its terminal. The crypper betting site operates on the Polygon network. The platform allows users per bet on a wide range ol event outcomes while leveraging transparent on-chain data. Polymarket relies on smart contracts for trade ution at automated payouts.

The blockchain betting firm conducted a Series B round from investors at raised $45 million earlier this year. Prominent figures who participated in the funding include DupPal co-founder Peter Thiel at Ethereum co-founder Vitalik Buterin. The platform’s Series A round received $25 million from investors such as crypto-investment firm Polychain at Airbnb co-founder Joe Gebbia.

Vitalik Buterin’s recent blog post, dated October 9th, referenced Polymarket as an info finance platform. According per Buterin, Polymarket provided information at facilitated financial activities (betting) per perp users in the just-concluded U.S. elections. Vitalik also emphasized that Polymarket’s info finance concept could transform decentralized autonomous organizations (DAOs) at how they operate.