Polymarket users spin $16m volume on Trump’s picks

Polymarket Bettors has placed many bets on the question of whether the American Senate would confirm several of President Trump’s appointments.

Polymarket data, a prediction platform built on Polygon, showed $ 16.5 million in trading volume against a market entitled “Trump’s choices will be confirmed?”

So far, users have correctly foreseen Confirmation of the Senate of the Speculative Fund Manager Pro-Crypto Scott Bessent. President Trump has selected Bessent as US Secretary to the Treasury, a key position that could influence confidentiality debates linked to the crypto, including cases like Tornado Cash.

Polymarket users have also bet on several other confirmations. However, notable candidates focused on the crypto, such as Paul Atkins for the titles and presidents of the exchange committee, were absent from the list.

The chain prediction market was one of the escape platforms of last year, gaining popularity by allowing users to bet if Donald Trump would win or lose the election.

While traditional polls were biased, Polymarket users predicted Trump’s victory precisely. Bloomberg even joined Polymarket data in its electoral terminal.

A French bettor has made millions of profits from the result. However, the French authorities later forbidden The site and the FBI have made a descent into the residence of the founder of Polymarket Shayne Coplan in the middle of rumors of the participation of unauthorized American bets. Polymarket is not regulated in the United States and does not allow Americans to use its services.

Despite allegations to violate American laws, neither COPLAN nor Polymarket were charged by the Ministry of Justice. The platform remains one of the largest prediction markets based on blockchain and a source of data on the social feeling of the real world.