Polymarket
2024 - 11 - 6Betting on Democracy: Why Polymarket's Predictions Are Winning Big!
us election odds Blockchain - Crypto Betting - Decentralized Prediction Markets - Donald Trump - Election Betting - Kamala Harris - Political Prophecies - Polymarket - Web3 - us election oddsDid you know you could bet on who'll win the presidency just like a sport? Polymarket is breaking records - find out how!
The recent surge in betting on the 2024 U.S. Presidential election on Polymarket has garnered attention as former President Donald Trump pulls ahead in the odds against Vice President Kamala Harris. This contemporary twist on gambling aligns well with the ongoing societal fascination with elections, exhibiting a staggering $3.2 billion wagered by users, with approximately $1.3 billion placed on Trump alone. This financial whirlwind not only showcases America's fervent political interest but also highlights how platforms like Polymarket are transforming traditional betting landscapes into dynamic prediction markets fueled by decentralized technologies.
Polymarket recently hit the headlines for surpassing its traditional financial competitors during the election betting spree, as evidenced by breaking records for daily trading volumes and all-time open interests on Election Day alone. With $174 million changing hands in a single day, the platform captivates users by allowing them to make predictions about the election outcome while embracing blockchain technology. With an influx of funds even eclipsing both presidential campaigns' fundraising efforts combined, experts are leaning towards Polymarket as a harbinger of what's possible with Web3 technology in the betting industry.
Despite recent criticism and uncertainty regarding payout delays—stemming from the necessity of aligning agreements with major networks like Fox and NBC—Polymarket's unique proposition remains unscathed. Wagering and predicting outcomes has never been more thrilling, especially with the potential for a delayed payout until Inauguration Day set for January 20, 2025. However, that hasn't deterred the masses, as the platform continues to offer updates on real-time odds and insight into user behavior around pivotal events.
It's evident that Polymarket has successfully intertwined political betting with general entertainment, as bettors are not only scrapping over traditional sports events anymore but are also putting their money where their mouths are during a historic election. This increase in engagement underlines a wider trend towards the democratization of betting. Can the momentum continue post-election? With companies like Animoca Brands betting on Polymarket’s future growth, it seems we’ve only just begun to scratch the surface of what’s possible within the realm of prediction markets and blockchain.
Fun fact: The balance between betting and politics has always existed, with historical precedence seen as far back as Roman times, where people would wager on gladiatorial combats. The financial stakes of the current election cycle reach new heights, showcasing society’s evolution in political engagement through betting!
Another interesting tidbit? The vast use of Polymarket not only attracts seasoned gamblers but also curious newcomers looking to spice up their political predictions. This places platforms like Polymarket right at the intersection of finance, entertainment, and democracy itself, creating a unique space in our modern age!
Election Betting Odds: Trump Surges As More Election Results ... (Forbes)
Former President Donald Trump began surging on betting sites around 7:30 p.m. EST, turning around a shrinking lead over Vice President Kamala Harris in ...
Polymarket users have wagered $3.2 billion on the outcome of the ... (Fortune)
The majority of bets were for Donald Trump, with $1.3 billion wagered on the former president and $827 million on Vice President Kamala Harris.
Polymarket's $3.2 Billion Election Bet Shows Web3 Potential (Forbes)
Web3 prediction platform Polymarket beats its TradFi alternatives, showing mainstream users how blockchain can improve betting.
Kalshi and Polymarket top Apple App Store amid election betting ... (Business Insider)
Nearly $5 billion in bets have been placed on the outcome of the presidential election across Polymarket and Kalshi.
Gamblers spend more than $3.3bn on Polymarket betting on 2024 ... (The Independent)
The money spent on Polymarket election bets now even eclipses the combined fundraising hauls of both presidential campaigns, who together have garnered over ...
Polymarket payouts to be delayed unless Fox, NBC agree on US ... (Cointelegraph)
Polymarket may not be able to pay out a winner in the 2024 US presidential election until Inauguration Day on Jan. 20, 2025.
Election Day Surge Drives Polymarket to New Volume, Open ... (Decrypt)
Political betting pushed prediction market Polymarket to new records on Election Day for both daily trading volume and all-time open interest.
Polymarket's Election Day Spectacle: Betting on Democracy, with a ... (Brave New Coin)
For those who haven't taken a stroll through the rough-and-tumble landscape of decentralized prediction markets, Polymarket is one of the few spaces where real ...
Why prediction markets swung toward Harris before Election Day (Axios)
A line chart that displays Polymarket odds for the 2024 presidential election from Aug. 4. Data: Polymarket; Chart: Axios Visuals. Former President Trump's ...
Polymarket Realizes It Needs a New Kind of Bet to Factor in Trump's ... (Gizmodo)
There's always something new to gamble on. As the election ends, bets on our anxiety around inauguration are ramping up.
Election day frenzy drives Polymarket open interest to record levels (CryptoSlate)
Polymarket records $174 million in daily trading volume on Election Day, breaking previous high and setting stage for future growth.
Why Polymarket Stays Relevant After US Elections According ... (DailyCoin)
But with the election now well underway and set to conclude soon, can the platform maintain its relevance? Gaming-focused VC Animoca Brands believes so.
2024 Presidential Election Results: Trump vs. Harris; Polls Close in ... (Barron's)
With vote counting underway, the world's largest prediction market, Polymarket, now shows the odds of Donald Trump winning the election at 79%, ...
Kalshi first, Polymarket fourth in financial category of Apple App ... (The Block - Crypto News)
Both platforms allow users to bet on the winner of the election, but only Kalshi is available to U.S. users.
Election Betting Odds: Trump Hits 95% On Polymarket, Other Sites ... (Forbes)
Most betting sites strongly favored a Trump win as of early Wednesday morning, though most swing states had not been called.
US Election results: Trump has already won on Polymarket and the ... (Hindustan Times)
With the 2024 U.S. presidential election underway, Polymarket, a popular prediction market, shows Donald Trump holding a significant lead over Kamala Harris ...
Trump maintains lead over Kamala; Polymarket bets on him 96% (The Crypto Times)
Former US President Donald Trump has maintained a comfortable lead against Democrat candidate and VP Kamala Harris with 230 electoral votes at the time of ...
Election Betting Odds: Trump Nears 90% On Major Platforms As ... (Forbes)
Former President Donald Trump has been surging on betting sites as more states close their polls, turning around what had been a shrinking lead over Vice ...
Polymarket, Prediction Betting Markets Vindicated by Trump's Strong ... (Coindesk)
Polymarket founder Shayne Coplan and the market niche he took mainstream in 2024 can take a victory lap. Along with Donald Trump, the Republican Party, and the ...
Election Betting Odds: Trump Hits 99% On Polymarket, Kalshi As ... (Forbes)
Most betting sites strongly favored a Trump win as of early Wednesday morning, though most swing states had not been called.
Polymarket whale hits $49m jackpot on Trump's election victory (DL News)
French trader made a whopping bet Trump would win. Prediction markets come into their own with breakthrough year. Donald Trump wasn't the only winner on Tuesday ...
Top Polymarket whale profits $20M from Trump victory (Cointelegraph)
Crypto whales, or large investors betting on Donald Trump's victory, have made millions on the leading decentralized prediction market.
Polymarket in Spotlight for Crypto Community Today, Here's Why (U.Today)
Cryptocurrency users from across the globe are welcoming the success of Polymarket, a Polygon-based on-chain prediction market. During the U.S. presidential ...
The Polymarket whale banked $48 million in profits on Trump ... (Business Insider)
The massive gains represent a big swing in profits for the Polymarket bettor, who was sitting on an unrealized loss of $3 million on Monday.
Polymarket's accurate forecast of Trump win highlights gaps in ... (CryptoSlate)
Polymarket's swift Trump prediction showcases the dynamic efficiency of decentralized markets over established media.
Polymarket performs smoothly on Election Day, processes $240M in ... (Blockworks)
Polymarket's underlying blockchain chugged along more or less smoothly, processing 2921668 transactions on election day.
Polymarket 'whale' who bet big on Trump win raked in $48M in profits (New York Post)
The French “whale” who bet $30 million on a Trump win via Polymarket has raked in about $48 million in profits, according to the crypto-based betting ...
Polymarket's French Whale Scores a $48 Million Trump Jackpot (BNN)
Many people involved in crypto markets had reason to gloat on Wednesday about Donald Trump's win, but one closely watched French trader's bets are poised to ...
Polymarket, Prediction Betting Markets Vindicated by Trump's Strong ... (Yahoo Finance)
Polymarket founder Shayne Coplan and the market niche he took mainstream in 2024 can take a victory lap. Along with Donald Trump, the Republican Party, ...
France to ban users' access to Polymarket: report (DL News)
France's gaming regulator is set on banning the world's largest crypto-based prediction market, according to a report.
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