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While the odds of a Trump win have shrunk on some prediction markets, Polymarket shows a 58% chance as of Monday of the former president winning the election over Harris.. In late October ...
The prediction market Polymarket has skyrocketed into mainstream consciousness during the 2024 U.S. elections, with the platform reporting that users have placed $2.7 billion in bets over whether ...
The 2024 election was filled with new and unprecedented developments in the history of American electoral politics: A sitting President was pushed out of the race by his own party.
The betting platform Polymarket has seen its trading volume surge, with $1.24 billion in October alone. A $30 million bet on Trump has raised questions about how big bettors can swing the odds.
The French “whale” who bet $30 million on a Trump White House win via Polymarket has raked in $48 million in profits on the wager, according to the crypto-based betting platform.
The betting site Polymarket has emerged as a hot topic in the 2024 presidential race. Trump's odds of winning are at 66% there based on bets. National polls generally show the race tied.
Founded in 2020 by Shayne Coplan, [3] Polymarket is a prediction market that allows users to gain/lose on the outcome of world events. [4] In January 2022, Polymarket was fined US$1.4 million by the Commodity Futures Trading Commission (CFTC), and received a cease and desist order for regulatory violations, including failure to register as a Swap Execution Facility.
Unlike traditional betting sites, Polymarket allows traders to buy and sell shares on the outcome of a given event. Any user can make a market by posing a question with a fact-based resolution.