On November 11, the prediction platform Polymarket saw record activity among users betting that Bitcoin’s price would exceed $100,000 by the end of the month. According to platform data, the share of bets on this outcome reached 57%.

Within a few hours of the market being created, the price of a “for” token rose from $0.32 to $0.57. At the time of publication, the amount of bets both “for” and “against” had evened out, with the total turnover exceeding $215,000.

In other betting pools, participants evaluated the probability of Bitcoin reaching certain price levels in November:

$90,000 — 95% probability
$95,000 — 75% probability
$105,000 — 36% probability

The increase in activity on the platform coincides with the current Bitcoin rally: since the beginning of November, the coin, which was priced at $70,000, has surged.

However, amid growing interest in cryptocurrencies, Polymarket faces potential legal challenges. The French regulator, Autorité Nationale des Jeux (ANJ), has initiated an investigation into the platform’s operations for possible illegal gambling activities. This could lead to the platform being blocked in France.

Thus, current events on Polymarket highlight not only the popularity of cryptocurrency betting but also the increasing attention of regulatory bodies to the activities of such platforms in various countries.