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Cryptocurrency users wagered over $3.5 million on the forecast of the elections in Venezuela held last Sunday, July 28th. With this goal, they turned to Polymarket, a prediction market built on the Polygon network that has gained great popularity recently.
In such a way that the cryptocurrency-powered betting platform gave a favorable forecast to Nicolás Maduro, who was seeking re-election to lead the government of Venezuela. So, bettors expressed that the victory would be in favor of the incumbent candidate and representative of the United Socialist Party of Venezuela (PSUV), with an 85% probability.