The post Polymarket Breaks $478 Million Record appeared on BitcoinEthereumNews.com.

Polymarket recorded a single-day notional trading volume of $478 million, with the politics category alone accounting for $220 million, nearly half of total daily activity. Elsewhere, rival prediction market Kalshi was on the receiving end of user backlash after a controversial contract over the Khamenei market. Polymarket Sets Historic Record as Geopolitical Tensions Drive Crypto Betting Prediction markets surged to historic highs as the United States and Israel launched coordinated strikes on Iran. Polymarket Notional Volume Smashes $478 Million. Source: Defioasis Polymarket reached an all-time high across the platform and its political markets. According to data aggregated by Defioasis, Polymarket’s spike coincided directly with the strikes. 在美以对伊朗实施联合打击当天，Polymarket 单日交易量创下历史新高，名义交易量达到 4.78 亿美元 其中政治板块达 2.2 亿美元，同样创下历史新高，占比当日 Polymarket 名义交易量的 46.2% 此外，Polymarket Builders 在这历史节点上同样创下了单日交易量新高 pic.twitter.com/KnKmWO3vAn — defioasis.eth (@defioasis) March 1, 2026 It signals the platform’s capacity to price geopolitical events faster than TradFi markets or polling models. Certain strike-timing contracts set their own records, with individual trades clearing up to $90 million, reflecting the massive liquidity flowing into the platform. However, the traction was also marred by allegations of insider trading, with Bubblemaps identifying at least six addresses that profited approximately $1.2 million from bets tied to the Iran conflict. JUST IN: 🇮🇷 🇺🇸 Six suspected insiders made $1.2M betting on a US strike on Iran Most of these wallets: • were funded in the last 24h• specifically bet for February 28• bought “yes” hours before the strike pic.twitter.com/n3G6OIEOXt — Bubblemaps (@bubblemaps) February 28, 2026 The surge in activity shows how prediction markets are increasingly blurring the line between financial speculation and geopolitical forecasting, drawing attention from traders, lawmakers, and regulators. The timely pricing of real-world events demonstrates the efficiency of blockchain-based markets. However, it also raises concerns about transparency and fairness, particularly when wallets appear to perfectly anticipate outcomes. Kalshi Faces Backlash Over Khamenei…

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Filed under: News - @ March 1, 2026 8:06 pm