By the numbers: Polymarket's cumulative trading volume tops $1bn

According to The Block's data dashboard, decentralized prediction market platform Polymarket has seen cumulative trading volume exceed $1 billion since its launch. Over the past year, the platform has played an increasingly important role in the cryptocurrency space, attracting users who are keen to trade based on predictions of various outcomes, particularly political events.In June, Polymarket's cumulative volume was $663 million, and it soared by about 58 percent to $1.05 billion in July.