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Polymarket and Kalshi have been building quietly, and they view elections as their chance to go mainstream. Coplan has said he was running the crypto-based company alone in his bathroom in 2020.
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.
Kalshi, a U.S. CFTC-regulated site, has seen nearly $197 million in trading on its election outcome contract. Its second-largest betting contract, on the electoral college margin, has drawn $33.8 ...
Kalshi and Polymarket zoomed to the top of the Apple App Store on Tuesday amid a surge in election betting in the waning days of the 2024 US presidential campaign. Kalshi, which is governed by the ...
More than $1 billion has been wagered on Polymarket on the outcome of the presidential election. Meanwhile, Kalshi, a smaller betting website that is open to US citizens following a court ruling ...
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.
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 ...
While Kalshi's trading volumes are not public like Polymarket's, they likely pale in comparison, with Bloomberg reporting that Kalshi did about $10 million a month in trading in April 2023, though ...