U.S. Crypto Wallets Trade $571 Million on Polymarket Political Markets in 12 Months

According to a Coin Desk report citing Allium, U.S.-connected crypto wallets traded $571 million on Polymarket's political prediction markets over the past 12 months through July 5, making them the largest single-country user group, surpassing Hong Kong's $422 million. Among U.S. investors' trading volume, geopolitical-related bets accounted for 46%, compared to 36% platform-wide, while election-related trades comprised 16% of U.S. activity versus 32% overall—indicating American investors bet approximately three times more on overseas conflicts than on elections. Five of the top 12 prediction markets most traded by U.S. investors were Iran war-related bets.
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