Polymarket

2024 - 11 - 5

Betting on Democracy: Why Polymarket is the New Election Oracle!

Blockchain Technology - Donald Trump - Election Betting - Kamala Harris - Polymarket - Prediction Markets - US Presidential Election 2024 - Web3 Betting

Ever wondered how betting markets are stacking the odds for Trump vs. Harris? Dive into Polymarket's thrilling predictions!

As the clock ticks down to US Election Day, all eyes are on the betting markets, where former President Donald Trump seems to have a leg up in the race for the White House. Polymarket, a popular cryptocurrency-based prediction platform, is showing Trump with approximately a 60% probability of winning. With staggering sums being wagered—over $3.2 billion in total—it's become a digital crystal ball for eager bettors and political enthusiasts alike. However, with polls closing and tensions rising, it's clear that these betting odds are just as unpredictable as the political landscape itself!

Interestingly, as the election draws near, bettors have seen fluctuations in their predictions with a notable swing towards Vice President Kamala Harris before Election Day. Some users are questioning the reliability of betting markets to truly gauge the outcome of such a pivotal election. Despite these ups and downs, Polymarket has recognized a need for innovative bets, especially amidst ongoing anxiety about the inauguration and what might follow.

On the day America took to the polls, Polymarket saw a frenzy of activity, recording unprecedented trading volume and interest as people rallied to stake their claims on the future of the presidency. Even though US-based users can't bet due to federal restrictions, the platform has cleverly partnered with social media influencers to promote their content and ensure that the chatter around these dire stakes continues to thrive. It’s a clever dance of legality and modern marketing that keeps everyone on their toes!

As for the broader implications of these bets? Well, they hint at a shift in how political engagement may evolve in the era of Web3. Betting platforms like Polymarket showcase how blockchain technology can innovate traditional financial systems, leaving traders curious and hopeful about the sprawling market ahead. Did you know that Polymarket's users wagered over $1.3 billion just on Trump? That’s nearly double what was bet on Harris! With such massive stakes, it’s no wonder that these markets have turned into a spicy blend of finance and politics, drawing even the most casual observers into the fray.

In these unprecedented times, remains to be seen how accurate these peculiar predictions will prove to be. But one thing's for sure: Whether you're betting on politics or trying your luck with the latest viral challenge, Polymarket shows that where there’s a wager, there’s a way to get in on the action. So, grab your popcorn and stay tuned—it looks like the betting tale is only just beginning!

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Image courtesy of "Forbes"

Election Betting Odds: How The Market Prices Harris And Trump Wins (Forbes)

With polls closing in mere hours, betting markets firmly favor former President Donald Trump to secure a second presidential term, though poll-based ...

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Image courtesy of "Cointelegraph"

Polymarket payouts to be delayed unless Fox, NBC agree on US ... (Cointelegraph)

Polymarket may not be able to pay out a winner in the 2024 US presidential election until Inauguration Day on Jan. 20, 2025.

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Image courtesy of "Axios"

Why prediction markets swung toward Harris before Election Day (Axios)

Why it matters: Volatility like this underlines why using betting markets to gauge the status of the presidential race is tricky. And yet, prediction and ...

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Image courtesy of "Gizmodo"

Polymarket Realizes It Needs a New Kind of Bet to Factor in Trump's ... (Gizmodo)

There's always something new to gamble on. As the election ends, bets on our anxiety around inauguration are ramping up.

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Image courtesy of "The Crypto Times"

Polymarket and Kalshi: Trump leading against Harris with 60% (The Crypto Times)

As United States began voting on November 5 for the next president, the betting platforms like polymarket and kalshi have been bullish on Trump.

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Image courtesy of "Hindustan Times"

US betting market prediction points to a likely Trump victory in most ... (Hindustan Times)

Donald Trump has around a 60% probability of winning the election, according to Polymarket, a cryptocurrency-based website.

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Image courtesy of "Newsweek"

Who will win the election today? What bookmakers say (Newsweek)

As Americans head to the polls, bookmakers still favor Donald Trump to beat Kamala Harris, with the odds in the final days shifting in Trump's favor.

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Image courtesy of "Fortune"

Polymarket paid U.S. social media influencers for election content (Fortune)

US traders aren't allowed to use the platform, which has seen a surge in bets favoring Donald Trump to win the presidential election. Polymarket blocked US ...

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Image courtesy of "Forbes"

Polymarket's $3.2 Billion Election Bet Shows Web3 Potential (Forbes)

Web3 prediction platform Polymarket beats its TradFi alternatives, showing mainstream users how blockchain can improve betting.

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Image courtesy of "Fortune"

Polymarket users have wagered $3.2 billion on the outcome of the ... (Fortune)

The majority of bets were for Donald Trump, with $1.3 billion wagered on the former president and $827 million on Vice President Kamala Harris.

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Image courtesy of "CryptoGlobe"

Polymarket Reportedly Paid US Content Creators for Election ... (CryptoGlobe)

Popular predictions market Polymarket has reportedly been paying social media influencers based in the United States to promote election-related content ...

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Image courtesy of "crypto.news"

Polymarket runs election betting ads via influencers despite US ... (crypto.news)

Polymarket has partnered with US-based influencers to promote election betting despite a federal ban on American users placing wagers on the platform.

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Image courtesy of "CryptoGlobe"

Polymarket Betting on 2024 Election Surges Past $3 Billion, with ... (CryptoGlobe)

The highly-anticipated 2024 US Presidential election has seen the trading volume of bets on who is going to win it in leading prediction market Polymarket ...

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Image courtesy of "Decrypt"

Election Day Surge Drives Polymarket to New Volume, Open ... (Decrypt)

Political betting pushed prediction market Polymarket to new records on Election Day for both daily trading volume and all-time open interest.

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Image courtesy of "Hindustan Times"

Betting site pushes election wagers with US Influencers ignoring ... (Hindustan Times)

Polymarket has engaged US based influencers to promote its election betting platform, despite federal regulations prohibiting American participation.

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Image courtesy of "Forbes"

Election Betting Odds: Trump Leads Harris As Voting Enters Final ... (Forbes)

With polls closing in mere hours, betting markets firmly favor former President Donald Trump to secure a second presidential term, though poll-based ...

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Image courtesy of "Business Insider"

Kalshi and Polymarket top Apple App Store amid election betting ... (Business Insider)

Nearly $5 billion in bets have been placed on the outcome of the presidential election across Polymarket and Kalshi.

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Image courtesy of "The Cryptonomist"

The analysis of Animoca Brands on Polymarket during the USA ... (The Cryptonomist)

However, it was in the 2024 electoral cycle that Polymarket consolidated its position. Specifically, recording an unprecedented trading volume and capturing a ...

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Image courtesy of "The Independent"

Gamblers spend more than $3.3bn on Polymarket betting on 2024 ... (The Independent)

The money spent on Polymarket election bets now even eclipses the combined fundraising hauls of both presidential campaigns, who together have garnered over ...

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Image courtesy of "CryptoSlate"

Election day frenzy drives Polymarket open interest to record levels (CryptoSlate)

Polymarket records $174 million in daily trading volume on Election Day, breaking previous high and setting stage for future growth.

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Image courtesy of "The Wall Street Journal"

New Trump Betting Whales Emerge on Polymarket (The Wall Street Journal)

More mystery bettors have emerged to wager millions of dollars that former President Donald Trump will win the election, using Polymarket, ...

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Image courtesy of "Forbes"

Election Betting Odds: Trump Surges As More Election Results ... (Forbes)

Former President Donald Trump began surging on betting sites around 7:30 p.m. EST, turning around a shrinking lead over Vice President Kamala Harris in ...

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Image courtesy of "Brave New Coin"

Polymarket's Election Day Spectacle: Betting on Democracy, with a ... (Brave New Coin)

For those who haven't taken a stroll through the rough-and-tumble landscape of decentralized prediction markets, Polymarket is one of the few spaces where real ...

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Image courtesy of "DailyCoin"

Why Polymarket Stays Relevant After US Elections According ... (DailyCoin)

But with the election now well underway and set to conclude soon, can the platform maintain its relevance? Gaming-focused VC Animoca Brands believes so.

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Image courtesy of "The Block - Crypto News"

Kalshi first, Polymarket fourth in financial category of Apple App ... (The Block - Crypto News)

Both platforms allow users to bet on the winner of the election, but only Kalshi is available to U.S. users.

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Image courtesy of "Forbes"

Election Betting Odds: Trump Hits 95% On Polymarket, Other Sites ... (Forbes)

Most betting sites strongly favored a Trump win as of early Wednesday morning, though most swing states had not been called.

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Image courtesy of "Hindustan Times"

US Election results: Trump has already won on Polymarket and the ... (Hindustan Times)

With the 2024 U.S. presidential election underway, Polymarket, a popular prediction market, shows Donald Trump holding a significant lead over Kamala Harris ...

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Image courtesy of "The Crypto Times"

Trump maintains lead over Kamala; Polymarket bets on him 96% (The Crypto Times)

Former US President Donald Trump has maintained a comfortable lead against Democrat candidate and VP Kamala Harris with 230 electoral votes at the time of ...

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Image courtesy of "The Guardian"

Betting markets swing hard to Trump with early election tallies (The Guardian)

Apps such as Polymarket and Kalshi place Trump as likely winner as election officials continue to count ballots.

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Image courtesy of "Coindesk"

Polymarket, Prediction Betting Markets Vindicated by Trump's Strong ... (Coindesk)

Polymarket founder Shayne Coplan and the market niche he took mainstream in 2024 can take a victory lap. Along with Donald Trump, the Republican Party, and the ...

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Image courtesy of "Forbes"

Election Betting Odds: Trump Hits 99% On Polymarket, Kalshi As ... (Forbes)

Most betting sites strongly favored a Trump win as of early Wednesday morning, though most swing states had not been called.

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