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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.
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 ...
A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. In the days leading up to the US election, pollsters had the race deadlocked.
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.
Polymarket’s future in the U.S. remains in doubt. In 2021, derivative market regulator the Commodity Futures Trading Commission fined the platform over $1 million for operating in the U.S.
The central question of whether Harris or former President Donald Trump would win the presidential election saw $3.2 billion Polymarket bets as of Election Day.
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.