Polymarket betting volume for US presidential election winner crosses $2 billion
Quick Take
- The betting volume for whether Kamala Harris or Donald Trump will win the 2024 presidential election crossed $2 billion on Polymarket.
- The same prediction market had amassed $1 billion in betting volume on Sept. 24; it gained its second billion in just 24 days.
The betting volume for who will win the 2024 United States presidential race crossed $2 billion on the decentralized prediction platform Polymarket.
The prediction market for whether presidential candidates Kamala Harris or Donald Trump will win amassed $1 billion in just 23 days, after crossing its first billion on Sept. 24, The Block previously reported.
As of Oct. 17, Republican candidate Trump maintains nearly $608 million in betting volume with a 62.3% chance of winning on Polymarket. Democratic candidate Harris has $405 million with winning odds of 37.5%.
The U.S. 2024 presidential election has been the largest driver of growth on Polymarket, especially as the Nov. 5 election approaches in just 19 days. Just halfway through the month, Polymarket's monthly volume for October climbed 113.7% to reach $1.14 billion compared to September's $533.5 million, The Block's Data Dashboard shows.
Polymarket previously raised $45 million in Series B funding in May of this year, with plans to raise an additional $50 million and even launch its own token.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 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.
