CandleFocus Polymarket volume hits $2 billion with Trump leading election bets
2024-10-17
Author: Content Editor
The decentralized prediction platform, Polymarket, has reached over $2 billion in total volume for the 2024 US presidential election. Republican candidate Donald Trump holds a 61.3% chance of winning, with over $605 million in volume and $267 million wagered. Democratic candidate Kamala Harris trails with 38% odds, nearly $405 million in volume, and $159 million bet on her victory. Polymarket's growth has been driven by its most active market, "Presidential Election Winner 2024," which has amassed $785 million in volume. Another prediction market, Kalshi, has reported about $20 million in total volume since launching its presidential election market. Both platforms are seeing increased engagement as the election approaches.
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