Polymarket, a leading blockchain-based prediction market, has appointed Nate Silver, a well-known statistician, as an advisor.

This appointment shows Polymarket’s swift rise, as it currently accommodates 80% of the wagers on U.S. elections.

Silver is also a writer and journalist who aims to help Polymarket build its forecasting around news events.

“I grew up following Nate’s work on election forecasting and it’s a dream come true to welcome him to Polymarket’s advisory board,” said Shayne Coplan, founder and CEO of Polymarket. “Over the course of his career Nate has played a pivotal role in mainstreaming political forecasting. This election cycle, Polymarket has emerged as the key destination for election forecasts, and Nate’s guidance will be critical in helping us take our offering …