{"id":353269,"date":"2024-07-27T12:31:21","date_gmt":"2024-07-27T07:01:21","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=353269"},"modified":"2024-07-27T12:31:21","modified_gmt":"2024-07-27T07:01:21","slug":"polymarket-crypto-bettors-place-parlays-on-the-paris-olympics-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/polymarket-crypto-bettors-place-parlays-on-the-paris-olympics-crypto-news\/","title":{"rendered":"Polymarket Crypto Bettors Place Parlays on the Paris Olympics – Crypto News"},"content":{"rendered":"
\n

With an extravagant opening ceremony, the 2024 Paris Olympics are underway\u2014and millions of dollars in crypto bets have already been placed on the wildly popular Polymarket.\u00a0<\/span><\/p>\n

So much so that the decentralized crypto-powered platform now has an \u201c<\/span>Olympics<\/span><\/a>\u201d category. A total of $1.2 million has already been placed on bets predicting which country will win the most medals.\u00a0<\/span><\/p>\n

After that, punters have put $1.1 million on which country will win the most <\/span>gold<\/span><\/i> medals.\u00a0 <\/span>The U.S. is the favorite to scoop up the most, with $168,711 being dropped on the nation.<\/span><\/p>\n

There are a number of wagers available for individual sports, such as the gold medal winners in men\u2019s and women\u2019s basketball, with $355K and $101K respectively riding on the outcome. Soccer and several swimming contests follow.<\/span><\/p>\n

So far, not many individual athletes have appeared on the site\u2014except for American swimmer Katie Ledecky and Spanish tennis player Rafael Nadal. Gamblers can place bets on the number of gold medals each will win.<\/span><\/p>\n

Polymarket has exploded in popularity as of late. People around the world can bet on everything from politics and sports to what a high-profile person will say on television. The platform runs on two major blockchains: <\/span>Ethereum<\/span><\/a> and <\/span>Polygon<\/span><\/a>.\u00a0<\/span><\/p>\n

Trading volume this month <\/span>soared<\/span><\/a> as users increasingly put bets on the outcome of the U.S. presidential election.\u00a0<\/span><\/p>\n

In fact, the November election has become such a hot topic, a bet on the platform about the candidates even slid into the Olympics category. \u201cThis market is on whether Joe Biden or Donald Trump will walk up the stairs to board a plane faster, based on the next made video recording of each boarding a plane after July 25, 12:30 PM ET,\u201d it explains.<\/span><\/p>\n

Some $5,500 has been placed on the \u201cStaircase Olympics\u201d as of today. As if things couldn\u2019t get any weirder.<\/span><\/p>\n

Edited by Ryan Ozawa<\/a>.<\/i><\/p>\n

\n
<\/p>\n

Daily Debrief Newsletter<\/h3>\n

Start every day with the top news stories right now, plus original features, a podcast, videos and more.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

With an extravagant opening ceremony, the 2024 Paris Olympics are underway\u2014and millions of dollars in crypto bets have already been placed on the wildly popular Polymarket.\u00a0 So much so that the decentralized crypto-powered platform now has an \u201cOlympics\u201d category. A total of $1.2 million has already been placed on bets predicting which country will win […]<\/p>\n","protected":false},"author":2,"featured_media":353273,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-353269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/353269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=353269"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/353269\/revisions"}],"predecessor-version":[{"id":353277,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/353269\/revisions\/353277"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/353273"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=353269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=353269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=353269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}