1 month ago
Crypto gamblers person staked an astonishing $445 million connected a imaginable statesmanlike contention betwixt erstwhile President Donald Trump and Vice President Kamala Harris, driving predetermination betting to unprecedented levels connected Polymarket.
Dune Analytics information shows that Polymarket’s cumulative stake measurement reached $1.03 cardinal successful July, up from $672.94 cardinal successful June. This marks a melodramatic summation compared to July 2023, erstwhile the platform’s cumulative stake measurement was $283.16 million.
Polymarket allows users to stake connected assorted quality events, branding itself arsenic “the world’s largest prediction market.” Users tin stake connected implicit 1,000 antithetic outcomes, including the US statesmanlike election, which has drawn important involvement successful caller weeks.
The level saw a spike successful users and bets pursuing headlines astir Harris’ apt Democratic information and an assassination attempt connected Trump, the starring Republican contender, earlier this month.
Despite its US-focused topics, Polymarket remains inaccessible to American users directly, who indispensable usage VPNs and crypto wallets with USDC to spot bets.
Trump vs. Harris stats
In the week pursuing President Joe Biden’s withdrawal from the Democratic race, Harris doubled the Democrats’ likelihood of winning, moving from 18% to 38%. These gains chiefly stemmed from galore smaller bets, whereas Trump’s enactment came from a fewer high-stakes bettors.
Despite Harris’s caller gains, Polymarket whales (large-scale bettors) overwhelmingly favour Trump, who retains a important pb with a 59% accidental of winning the elections.
The platform’s interactive representation and trending marketplace investigation bespeak a dynamic and heavy contested predetermination season. Key battleground states amusement strong Republican favorability, with plaything states similar Arizona, Georgia, and Pennsylvania favoring Republicans, portion Michigan leans Democrat.
Overall, Republicans are favored to power the presidency and the Senate, portion Democrats are favored to power the House.
Kamala Harris presently has a 96% accidental of being the Democratic nominee, with Michelle Obama trailing astatine 2%. Josh Shapiro leads the Democratic vice statesmanlike nominee contention with 32%, followed intimately by Mark Kelly astatine 29%.
Bettors springiness Kamala Harris a 60% accidental of winning the fashionable vote, portion Trump holds a 38% chance.
The station Polymarket bets speculating connected Trump vs. Harris deed grounds $445 million appeared archetypal connected CryptoSlate.
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