Polymarket has officially added support for Solana, allowing users to make wallet deposits using the high-speed, low-cost blockchain.
"Starting today, you can now make deposits into your Polymarket wallet using Solana," the platform announced on X. The integration marks a key upgrade for the prediction market platform, which has surged in popularity ahead of the 2024 U.S. presidential election.
Polymarket has been on a tear in 2024, frequently breaking records for trading volume and daily active users, particularly in politically focused markets.
Polymarket's predictive accuracy tops 90%, new research finds
Prediction platform Polymarket is proving to be more than just a speculative playground.
According to new research , the platform demonstrates striking accuracy in forecasting real-world events — often better than traditional polling.
Data scientist Alex McCullough conducted a deep dive into Polymarket's historical performance using a Dune dashboard and found that the platform is accurate 90% of the time when predicting events a month in advance. That figure climbs to an impressive 94% in the final four hours leading up to an event's resolution.
McCullough's analysis filtered out markets with extreme odds—those above 90% or below 10% once the outcome was known but not settled—to avoid skewing the results. His research suggests that while Polymarket does slightly overestimate probabilities, this can often be attributed to behavioral factors such as herd mentality, low liquidity, and a preference among users for higher-risk bets.
