Polymarket, a prediction market platform, reached a monthly trading volume of $51.34 million in January, setting a new monthly record. In addition, the platform also saw a record high of 8,261 new accounts in the same month. According to its official website, the platform's main prediction category currently focuses on the winner of the 2024 US presidential election, with a predicted amount of $28.98 million.

Decentralized betting platform Polymarket saw a surge in trading volume, reaching $5.7 million, after the SEC approved several spot bitcoin ETFs. This surpassed the trading volume of leading NFT marketplace OpenSea, which registered $3.9 million. PolyMarket has allowed investors to bet on the outcome of binary events since its debut in 2020, and last month listed a contract for "Bitcoin ETF approved by Jan 15," which expired on the day of the SEC's decision. The platform saw a sharp increase in activity ahead of the decision, with the number of active users surging to 1,258 on Wednesday.