How Crypto Powers the World’s Largest Prediction Market
San Francisco • Oct 29, 2024With the election just days away, all eyes are on Polymarket—the world’s largest prediction market and one of the most popular sources of information on the race. What most people don’t know is that it runs on crypto.
In this brief video, Bitwise CIO Matt Hougan explains how crypto’s unique features have driven Polymarket’s rise to prominence.
After watching this, you’ll be able to explain:
What Polymarket is
What’s behind its global reach
How crypto enhances the liquidity of its markets
Why Polymarket serves as a model for future crypto applications
Bitwise Asset Management is a global asset manager specializing in crypto and onchain finance with a nine-year track record and more than $14 billion in client assets. The firm’s suite of over 70 investment products—spanning ETFs, option income strategies, model portfolios, DeFi vaults, tokenized funds, and staking—helps investors access opportunities across the financial frontier. Bitwise serves more than 5,500 private wealth teams, RIAs, family offices, and institutional investors, as well as 21 banks and broker-dealers. The company is headquartered in San Francisco, with offices in New York and London.
