The decentralized predictions platform, Polymarket, has witnessed a significant surge in trading volume, reaching a record high of $100 million in June. This increase is attributed to the intensifying US presidential race, with users placing bets on the potential winners. The platform's "Presidential Election Winner 2024" market has seen a substantial amount of activity, with $203.3 million worth of bets placed across 17 prediction markets.

Currently, Donald Trump is the favored candidate, with 62% odds of winning the election, followed by Joe Biden with 21% odds. However, Biden's odds have decreased since his underwhelming performance in the presidential debate on June 28. Other candidates, such as Gavin Newsom, Kamala Harris, and Michelle Obama, have seen a spike in odds following the debate.

Polymarket's trading volume has increased significantly, with a 620% rise from the previous five months. The number of monthly active traders has also skyrocketed by 115% to 29,266 in June. The platform's total value locked has increased by 69% over the last 30 days, reaching $40.2 million.

Decentralized prediction markets like Polymarket offer a unique perspective on the election, allowing users to place bets on potential outcomes. This approach provides a more accurate representation of public sentiment, unfiltered by biases and narratives. According to Yuga Cohler, an engineering lead at Coinbase, prediction markets are a powerful tool for uncovering the truth and moving societies forward.

In conclusion, Polymarket's surge in trading volume reflects the growing interest in the US presidential race. As the election approaches, decentralized prediction markets like Polymarket will continue to provide valuable insights into public sentiment and potential outcomes. With its transparent and decentralized approach, Polymarket is revolutionizing the way we predict and engage with political events.