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Despite Kalshi driving the momentous decision, the spotlight will be on Polymarket, which settles and pays out wagers using Ethereum-based smart contracts and has raised $70 million in venture ...
Polymarket and Kalshi were big winners of the election. But can they maintain their momentum until 2028?
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 Inc. is an American financial exchange and prediction market based in Lower Manhattan, New York City, offering event contracts.Launched in July 2021, it offers a platform where both retail and institutional traders can place trades on various future events, including economic indicators, weather patterns, awards, as well as political and legislative outcomes.
Polymarket, built on the Polygon blockchain, has seen rapid growth this election cycle. Its total value locked (TVL) surged from $9.5 million in stablecoins at the start of the year to $220 million.
By contrast, on August 5 Polymarket showed 68% odds Kamala Harris would pick Pennsylvania governor Josh Shapiro as her running mate, with Minnesota governor Tim Walz at 23% odds. Harris selected Walz the next day. [15] [16] On October 7, 2024, Polymarket showed a spike in the odds Donald Trump would win the 2024 election, to 53.3%, with a ...
After all, he did the same thing following the 2020 election, which led to recounts and the Jan. 6, 2021, insurrection at the U.S. Capitol. That means having clearcut election results tomorrow ...
Since then, the 2024 election catapulted Polymarket into prominence when its users correctly predicted Donald Trump’s victory, and a gutsy legal gambit from its competitor, Kalshi, paved the way ...