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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.
Polymarket—the world's largest prediction market—is decentralized and built on top of the Ethereum blockchain, and users make bets with stablecoins. It has also earned plenty of social media ...
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, 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.
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.
With nearly $1 billion wagered on the outcome of the presidential election at Polymarket, Trump's odds of winning were listed as 61.3%, compared to 38.6% for Harris, at 8:52 a.m. ET on Thursday.
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 ...
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