The Polymarket market predicts an 89% chance of the BTC spot ETF getting approved before January 15

The price for the "Yes" prediction contract on the decentralized prediction platform Polymarket, regarding "Will BTC spot ETF be approved before January 15?" is 89 cents. This implies that traders on Polymarket believe there's an 89% chance of this event happening this month, a significant increase from about 50% a month ago.

Currently, the betting amount for this prediction contract on Polymarket has reached $618,000, ranking first in its trend list.