The Block Crypto News23 minutes ago

Published on July 01, 2024 13:31 GMT+00:00edited on July 01, 2024 13:39 GMT+00:00

While crypto policy has become an important issue amid the U.S. presidential campaign in recent months, blockchain-based platforms like Polymarket are making election markets more efficient, according to analysts at research and brokerage firm Bernstein in a note to clients on Monday.

Polymarket is the world’s largest and most popular blockchain-based decentralized prediction market, operating on the Ethereum Layer 2 network Polygon. Polymarket lets users speculate on various events, such as political outcomes, entertainment and sports, using the stablecoin USDC.