The number of open contracts in the geopolitical and NBA entertainment markets on Polymarket has surged.

BlockBeats news, on June 24, according to The Block, the prediction market on Polymarket has seen a significant surge in the number of open interest (OI) contracts, especially those related to recent global tensions and geopolitical conflicts, with the Iran-related market leading the way last week. Furthermore, the number of monthly active traders and trading volume on Polymarket is less than half of its historical peak, and the number of new markets created has also decreased by 23%. However, the increasing diversification of market types on the platform—reflected in the composition of open interest contracts—indicates that it is gradually shifting from bets primarily on events like the U.S. elections to a broader and more event-driven speculative behavior.

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