Polymarket now goes viral outside of crypto regularly, Trump’s been posting his Polymarkets weekly, but crypto people haven’t embraced PMs yet. Why not?

Imo it’s not degen enough. They’d rather go for 100x on a memecoin than 2x on politics

Making markets more degen via either leverage or tokens is big opp

the fact that it is on polygon and not an ETH L2 is a large factor. I could imagine it on Arbitrum or Optimism seeing substantially more activity.

Maybe it could be priced in ETH too, but I have less conviction in that. 

Also little details like "Connect" instead of "Login" allude to a trad experience.

cc @shayne

Interesting. Whats your basis for an L2 > Polygon?

I personally dont see that, but I do think being only USDC is a hinderance to growth.

ETH people want to maintain ETH exposure (see NFT activity) and converting to USDC to bet is a significant cognitive load. Going multi currency is hard tho

Why L2? The same reason NFTs are not as valuable on Polygon: brand perception, TVL and network effects.

You can't really tap into ETH as much from Polygon. 

You might see more people yeet into a market if they can just connect their wallet and bet from ETH (into USDC based markets).