Polymarket approaches $1 billion in bets for 2024 presidential election winner

Quick Take

  • Polymarket accumulated a nearly $900 million bet for the winner of the United States 2024 presidential election. 
  • Democratic candidate Kamala Harris leads the way with an estimated 50% chance of winning and a $127 million bet.
  • The 2024 presidential election has largely contributed to Polymarket’s explosive growth in the past few months.

The decentralized prediction platform Polymarket accumulated a nearly $900 million bet for the winner of the United States 2024 presidential election. 

U.S. Vice President and Democratic presidential candidate Kamala Harris leads the way with an estimated 50% chance of winning and a bet surpassing $127 million, according to the platform. Republican presidential candidate Donald Trump comes in a close second at 49% winning odds and a nearly $144 million bet. 

Trump had initially been leading Harris in the Polymarket bet, but Harris flipped Trump on Aug. 12 when the prediction market for the winner was $572 million, The Block previously reported. 

Beyond the candidates, Polymarket prediction markets focus on other aspects of the 2024 presidential election, such as the likelihood of Trump saying "crypto" or other words in the debate between him and Harris. To be sure, neither candidate mentioned cryptocurrency in the Sept. 10 discussion in Philadelphia.

The 2024 presidential election has largely contributed to Polymarket's explosive growth in the past few months. August marked Polymarket's highest-ever number of active traders and monthly volume, bringing in 63,6200 and $472.84 million, respectively, according to The Block's Data Dashboard. The platform's cumulative volume sits at $1.75 billion as of Sept. 13. 


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© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.

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