Predictive markets sector TVL surpasses $250 million

Total locked-up deposits (TVL) in the prediction markets have surpassed $250 million, according to data from DeFiLama. Predictive markets now have $253 million in TVL, led by Polymarket with $216 million. Other platforms with over $1 million in TVL include on-chain liquidity layer solution Azuro, Gnosis V1, LumiFinance, Augur, EtherFlip, and WINR Protocol.

Meanwhile, Tarek Mansour, founder of crypto-based prediction market Kalshi, told Cointelegraph in an interview that “the concerns about manipulation on decentralized prediction market platforms are not true. Even on Calci, a US-only platform, more people are betting on former US President Donald Trump,” he said. Earlier, rumors of manipulation surfaced after Trump's odds of winning the presidential election exceeded 60 percent on prediction markets centered around social networks.