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Meanwhile, Polymarket shows Trump has a 54% chance of winning the presidential election with Harris trailing behind at just a 45.3% chance. PredictIt’s markets are a little closer.
For free market purists, the success of betting sites like Polymarket, Kalshi and PredictIt isn’t surprising at all. The basic theory behind prediction markets is that a lot of people with money ...
Polymarket's site says more than $3.6 billion was spent betting on the race, though users in the US weren't legally allowed to participate. "Nothing is as salient as the presidential election ...
Her odds of becoming the next president have jumped from 18% to 29% on Polymarket, and up from 27% to 40% on PredictIt. FiveThirtyEight’s approval poll show a 50% disapproval rating for the vice ...
Prediction markets can be more accurate than polling when it comes to elections, a professor told Business Insider. There's over $606 million wagered on the 2024 election on Polymarket, favoring a ...
Polymarket did not respond to Fortune’s request for an interview. That isn’t to say prediction markets are always right. In 2016, PredictIt bettors notched Hillary Clinton at an 80% chance of ...
Like similar platforms, PredictIt and Kalshi, Polymarket allows users to sell contracts early, offering more flexibility than traditional betting. However, it has its skeptics. Polymarket’s user ...
The majority of bets went for Trump, with $1.3 billion wagered on the former president and $827 million on Harris. Polymarket users have wagered $3.2 billion on the outcome of the election—and ...