On November 11, the proportion of bets on Polymarket predicting that the price of the leading cryptocurrency will exceed $100,000 by the month’s end reached 57%.
The cost of a single “yes” vote rose from $0.32 to $0.57 within hours of the market’s creation. At the time of publication, the volume of bets “for” and “against” had equalized, with total turnover exceeding $215,000.
In another pool, Polymarket users assessed the chances of seeing digital gold at $90,000 during November at 95%, $95,000 at 75%, and $105,000 at 36%.
The heightened activity on the platform coincides with a Bitcoin rally: from $70,000 at the start of the month, the coin surged to $88,000—a new all-time high.
Earlier, it was reported that the French regulator ANJ is examining Polymarket’s operations for potential illegal gambling activities. Experts suggest the platform could face a ban in the country.