Unresolved Contracts Skyrocket on Polymarket's Geopolitical and NBA Entertainment Markets

BlockBeats News, June 24th, reported by The Block, revealed that the prediction markets on Polymarket, especially those related to recent global tensions and geopolitical conflicts, have seen a significant increase in Open Interest (OI) levels, with markets related to Iran leading the surge last week.

Furthermore, both the monthly active traders and trading volume on Polymarket are less than half of their historical peaks, and the number of new market creations has decreased by 23%. However, the increasing diversification of market categories on the platform, reflected in the composition of Open Interest, indicates a shift from primarily betting on events like the U.S. election to a more broad and event-driven speculative behavior.