Polymarket, a decentralized prediction market platform on the Polygon blockchain, has emerged as a prominent player in the crypto market, particularly following the recent US elections. Founded four years ago, it has attracted over $3.2 billion in total bets related to the elections, with a remarkable $239.5 million wagered on Election Day itself. The platform's CEO, Shayne Coplan, has overseen significant venture capital attraction, including investments from notable figures like Peter Thiel and Vitalik Buterin. The past month saw betting volumes surge to $5.3 billion, reflecting traders' interests in political forecasts. Concurrently, the platform faces scrutiny from regulators, including potential action from France's National Gaming Authority regarding compliance with gambling laws. The week's news also highlighted BlackRock’s Bitcoin ETF achieving nearly $1.1 billion in volume shortly after the elections, alongside other developments in Bitcoin mining and crypto asset management.

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