Gamblers spend more than $3.3bn on Polymarket betting on 2024 presidential election, mostly for Trump

https://www.independent.co.uk/news/world/americas/us-politics/polymarket-2024-election-trump-harris-b2642049.html

by theindependentonline

6 comments

  1. Gamblers have spent more than[ $3.3bn](https://polymarket.com/event/presidential-election-winner-2024?tid=1730846842390) on the betting site Polymarket guessing the results of the [2024 U.S. presidential election](https://www.independent.co.uk/news/world/americas/us-politics/election-trump-harris-2024-polls-president-live-b2641708.html), with nearly two-thirds of them banking on a Trump win.

    The money spent on Polymarket election bets now even eclipses the combined fundraising hauls of both presidential campaigns, who together have [garnered over $2.5bn ](https://www.opensecrets.org/2024-presidential-race/kamala-harris/candidate?id=N00036915)[in donations](https://www.opensecrets.org/2024-presidential-race/donald-trump/candidate?id=N00023864).

    As *The Independent* has [reported](https://www.independent.co.uk/news/world/americas/us-politics/election-betting-odds-trump-harris-polymarket-b2632964.html), interest in election betting has surged this cycle, thanks to the rise of cryptocurrencies and a recent court ruling clearing the way for another betting market, Kalshi, to operate election contracts inside the U.S. for the time being, over the arguments of federal commodities regulators.

    READ MORE HERE: [https://www.independent.co.uk/news/world/americas/us-politics/polymarket-2024-election-trump-harris-b2642049.html](https://www.independent.co.uk/news/world/americas/us-politics/polymarket-2024-election-trump-harris-b2642049.html)

  2. It’s the odds, they want the better payout which is the choice that is NOT expected to win. I assume that’s how this betting is set up.

  4. Lmao they are going to lose. They might keep putting money too until Jan 6 since Trump will fight regardless of how much he loses by.

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