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The largest prediction market Polymarket is set to acquire QCEX, which is about to return to the U.S. market. Coincidentally, I have been working on the data for Polymarket's first TG Bot, Polycule, in the past few days:
- Born two months ago, Polycule has accumulated a trading volume of ~$5.4m, mainly from mid to late June to now (there are some discrepancies with the official figures, but this error should decrease over time).
- The average daily trading volume over the past week is between $50k and $100k, currently accounting for about 0.2%-0.3% of Polymarket's daily trading volume.
- A total of 310 trading users, with an average of around 40-50 per day; if we include non-trading Bot users, there are over 6k.
- Polycule started charging fees on June 29, and has currently accumulated $10,900, of which 30% of the fees will be used for the acquisition of PCULE. The first acquisition was completed on July 17, with $2,936.15 used to acquire 501,642.02 PCULE.
The business model of the TG Bot is quite clear, it just depends on how big the prediction market can grow in the future.
Data: