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After Trump's victory, Coplan said that betting markets could be a more accurate barometer for election outcomes than traditional polls. "Make no mistake, Polymarket single-handedly called the ...
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.
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.
The majority of bets went for Trump, with $1.3 billion wagered on the former president and $827 million on Harris. Polymarket did not respond to a request for comment.
Betting odds favor Trump winning the November election, with Polymarket odds at 61.3%. Trump's odds rebounded from the drop seen immediately after his debate performance last month.
Rumblings have grown that a single person or a consortium of people could be tipping the scale for Trump on the betting platform Polymarket, with a series of big bets totaling $30 million, in a ...
Prior to Parler getting the boot, last week Twitter and Facebook finally gave Trump an indefinite ban, cutting him off from the more than 100 million combined followers he had on those platforms.
It's Trump's largest lead since just after the failed assassination attempt in July. All betting markets give Trump at least a 55% chance to win. Betsson has it at 55-45.