As a seasoned crypto investor and avid user of decentralized platforms, I can’t help but feel a sense of excitement upon hearing about Polymarket’s collaboration with MoonPay. The ability to fund my account using popular payment methods such as PayPal, Apple Pay, Google Pay, debit card, credit card, and bank transfer is a game-changer for me. It not only improves the user experience but also encourages more individuals to join the decentralized finance (DeFi) movement.
“MoonPay, a popular payments platform, and Polymarket have revealed a partnership. This collaboration aims to enhance payment options for customers on Polymarket, the cryptocurrency predictions platform, as record-breaking betting activity occurs during the US presidential election frenzy.”
As a crypto investor, I’m thrilled to share that the likelihood of MoonPay teaming up exclusively with Polymarket for their on-ramp solution has significantly increased, reaching an impressive 100%. This partnership means that Polymarket’s community now boasts a diverse range of funding options, allowing them to effortlessly top up their accounts using PayPal, Apple Pay, Google Pay, debit cards, credit cards, and bank transfers.
— MoonPay 🟣 (@moonpay) July 24, 2024
Ivan Soto-Wright, the CEO and co-founder of MoonPay, underscored the significance of the partnership by stating that it streamlines the process of adding common payment options, thereby enhancing the user experience and boosting the adoption of decentralized platforms.
Based on the data from Dune Analytics, I’ve noticed an impressive surge in betting volumes at Polymarket. In July alone, the platform recorded a staggering $260 million in wagers, shattering the previous monthly high of $111 million set back in June.
Around $568.6 million worth of trades have taken place on Polymarket starting from early 2024, a significant chunk of which can be linked to wagers placed on the US presidential election.
Approximately $370 million is at stake in the upcoming election, as wagers are placed with a predicted 63% likelihood of victory for former US President Donald Trump and a 33% chance for Vice President Kamala Harris. There have been whispers that Michelle Obama could potentially join the contest.
Polymarket secured a $70 million Series B investment in July, headed by Peter Thiel’s Founder Fund and including involvement from Ethereum co-founder Vitalik Buterin. Notably, election analyst Nate Silver came on board as an advisor for the platform. However, it’s important to mention that Polymarket is currently inaccessible to users based in the United States.
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2024-07-24 23:32