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The chart shows that there are 108 prediction market platforms across 12 categories, up from a handful in 2020.
Almost all of the growth came after @Polymarket hit $3.3B in volume during the Nov 2024 election.
47 of those 108 are binary markets in Polymarket's format, which is now the dominant design in the entire category.
These binary markets are easier to create because Polymarket's contracts are public.
What's hard to copy, though, is the moat. That comes from liquidity, market quality, market variety, and distribution.
It's the most used PM for a reason.