The decentralized crystal ball of Polymarket just witnessed its biggest flex yet. With the 2024 U.S. presidential election looming, bets have flooded in like waves in a typhoon, shattering the $1 billion barrier. No cap, this is no ordinary bet—it’s decentralized chaos, where crypto chads and moonboys alike are betting their hard-earned digital stacks on who takes the Oval Office.
Harris Hits 51%, Trump Lurking at 48%
Kamala Harris sits at the top of Polymarket’s prediction roulette with a 51% shot of walking into the White House. Over $154 million says she’s got it. But, not so fast. Trump, the forever wildcard, has his name slapped on $163 million worth of bets, giving him a clean 48% chance to make his return to 1600 Pennsylvania Ave. That’s close enough to make this a neck-and-neck race in the world of digital wagers.
The Side Bets
Polymarket’s not just about the frontrunners though. Some degens are throwing money on long shots like another Republican swooping in, even though it’s tagged with a meager 1% success rate. That pool still has $65 million in bets riding on it. And it’s not all Trump and Harris—names like Michelle Obama, Nikki Haley, and Robert F. Kennedy Jr. are lurking in the background with smaller odds but big bags behind them. Every dark horse in this race seems to have a backer.
State Bets & Popular Vote Hustles
While the presidential prediction is stealing the spotlight, other predictions are making waves too. The popular vote? Oh yeah, $225 million got locked in, with Harris leading that one too. Pennsylvania, forever a battleground, now sees $2.3 million staked as the tipping point state for the election. Polymarket’s users seem to think whoever wins the Keystone State is about to change the whole game.
Polymarket’s Meteoric Rise
This election betting frenzy didn’t come out of thin air. Polymarket’s blowing up in the prediction game, especially after raising $45 million in May. They’ve got eyes on launching a token soon, aiming to stack another $50 million in capital. As the Nov. 5 election nears, Polymarket is living its best life, riding the surge.