900 Million Dollars Bet on US Presidential Election So Far on Polymarket

IconCryptoNewsTerminal Staff13 Sep, 2024

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900 Million Dollars Bet on US Presidential Election So Far on Polymarket

900 Million Dollars Bet on US Presidential Election So Far on Polymarket According to the Block, 900 million dollars have been bet on this year's United States presidential election on decentralized prediction market platform Polymarket. Of that amount, 127 million dollars has been bet on Vice President Kamala Harris to win (50%), while 144 million dollars (49%) has been bet on former President Donald Trump. Polymarket is a decentralized prediction market platform that allows users to bet on the outcome of future events using cryptocurrency. The platform is designed to be censorship-resistant and transparent, and it uses a unique algorithm to determine the odds of each event. The 2024 United States presidential election is scheduled to take place on Tuesday, November 5, 2024. The incumbent president, Joe Biden, is a Democrat, and he is eligible to run for a second term. The Republican Party has not yet nominated a candidate for the 2024 election, but several potential candidates have emerged, including former President Donald Trump. The outcome of the 2024 election is uncertain, but the betting odds on Polymarket suggest that the race is likely to be close. Vice President Harris is currently the favorite to win, but Trump is a close second. It is still early in the election cycle, and the odds could change significantly in the coming months. The 2024 United States presidential election is one of the most important events of the year, and the betting odds on Polymarket provide a unique insight into how the public is viewing the race.