US Elections Overview: The Rise of Prediction Markets for Election 2024

Tuesday, 17 September 2024, 13:00

US elections are heating up as venture capital flows into prediction markets. A new player, Limitless Network, has successfully raised $3M in funding led by 1confirmation. Unlike its competitor Polymarket, Limitless is carving a unique niche with quick-expiring contracts and user-generated markets. This shift represents a significant development in the landscape of election predictions.
Coindesk
US Elections Overview: The Rise of Prediction Markets for Election 2024

In the context of US elections and the upcoming election 2024, a new contender has emerged in the world of prediction markets. Limitless Network has successfully raised $3M in a pre-seed funding round led by 1confirmation. This innovative platform differentiates itself from industry giant Polymarket by focusing on contracts that expire swiftly and enabling users to create their own markets.

The funding rounds are indicative of the shifting dynamics in the tech and finance sectors, especially as venture capital investments target the potential of prediction markets. As these markets develop, they may significantly influence the understanding of political outcomes and public sentiment leading up to the elections.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Subscribe to our newsletter for the most reliable and up-to-date tech news. Stay informed and elevate your tech expertise effortlessly.

Subscribe