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Forecast Market Polymarket Explodes! Open Contracts Increase by 170% Year-to-Date, Setting a New Record
【CoinPush】According to on-chain data analysis, the prediction market Polymarket has been on a steady rise this year. As of recent days, its open interest has climbed to approximately $326 million, representing a staggering 170% increase from the $120 million level at the beginning of the year.
In terms of market composition, Polymarket’s volume is supported by three main sectors: sports betting leads with a 46.6% share, political predictions follow closely at 21.12%, and crypto-related topics contribute 12.4%. This diversified market structure makes Polymarket one of the most active prediction trading platforms today.
Interestingly, there is often a “liquidation wave” at the end of each month—mass market position settlements cause about one-third of open contracts to be liquidated, which explains the cyclical fluctuations in contract volume.
Polymarket’s historical memory still lingers from November last year. At that time, the US presidential election attracted a massive influx of traders, with open contracts in the political sector reaching as high as $385 million, pushing the total contract volume to a record high of $410 million.
Looking ahead to next year, institutions are optimistic about this platform’s continued growth. Some reports predict that by 2026, Polymarket’s open interest could break historical records and even surpass the peaks seen during the 2024 election cycle.