Polymarket, a prediction-betting site built on the Polygon blockchain, has hired renowned statistician Nate Silver as an advisor. This move comes as prediction markets gain significant traction, particularly in the context of political events such as U.S. elections. Polymarket is noted for its high volume of daily transactions, reportedly around $10 million, and is becoming a key player in the prediction market space. The platform is seen as superior to PredictIt due to fewer restrictions on the number of participants and the amount wagered per bet. With mainstream media increasingly citing prediction markets, Polymarket's influence on public opinion and decision-making is growing. Polymarket has a 71.5% share of onchain traffic in prediction markets, and its volumes are expected to peak on November 6. Silver's advisory role follows his interest in how prediction markets react to events like Biden's debate performance. Shayne Coplan, Polymarket's CEO, is optimistic about the platform's future.