The largest prediction market Polymarket is set to acquire QCEX and return to the US market. Just recently, I have been working on the data for Polymarket's first TG Bot, Polycule:
- In its two months of existence, Polycule has accumulated a trading volume of ~$5.4m, mainly from mid to late June to the present (there is some discrepancy with the official figures, but this error should decrease over time)
- The average daily trading volume in the past week has been between $50k-$100k, currently accounting for about 0.2%-0.3% of Polymarket's daily trading volume
- A total of 310 cumulative trading users, averaging around 40-50 per day; if we include non-trading bot users, there are over 6k
- Polycule has been charging fees since June 29, currently accumulating $10,900, of which 30% of the fees will be used to repurchase PCULE. The first repurchase was completed on July 17, buying back 501,642.02 PCULE for $2,936.15
The business model of the TG Bot is quite clear, we just need to see how large the prediction market can grow in the future.