Crypto gamblers are betting more than $369 million that Trump will win

Crypto bettors are increasingly forecasting that former president Donald Trump might win the 2024 presidential election, and are betting more than $369 million on this hypothesis, according to Polymarket. The recent upsurge in their Polymarket wagers has propelled Trump’s chances of winning to a new two-month peak on the prediction platform.

Earlier forecasts on the real-time crypto betting site placed Trump’s probability of victory below that of Democratic presidential nominee Kamala Harris. Market sentiment on Polymarket show that the current Vice President has a 46% chance of winning the election, according to recent Polymarket wagers.

However, a separate Polymarket vote places Harris’ chance of winning the popular vote at 73%,…

Source link