Trump Effect Ignites Prediction Markets: Polymarket Sees Surge in Trading Volume Amid Controversy

Odaily Planet Daily News The crypto prediction market platform Polymarket has become embroiled in insider trading controversy due to predictive trading surrounding former US President Donald Trump's policies and statements. Data shows that from April 5th to 8th alone, markets related to the Iran situation generated approximately 413 million predictions, involving funds exceeding $100 million.

Analysts point out that Trump's highly unpredictable decision-making style has significantly boosted activity in prediction markets. Topics such as whether the US will take military action against Iran or push for a ceasefire have all become high-frequency trading targets. Trading volume surged rapidly following his social media posts.

Notably, Donald Trump Jr. has been revealed to hold shares in Polymarket while also serving as an advisor to another prediction platform, Kalshi, sparking external concerns over potential conflicts of interest and insider trading. Industry data shows that political predictions have become the second-largest category in prediction markets, trailing only sports. Despite the intensifying controversy, the overall attitude of US regulators remains relatively lenient, driving continued expansion in this sector. (Fortune)