Polymarket Nears $1 Billion in Bets for 2024 US Presidential Election

In Brief:

Polymarket has accumulated nearly $900 million in bets for the 2024 US presidential election, with Kamala Harris leading with a 50% chance of winning.

The platform's focus on the election has driven its growth, reaching a record number of active traders and monthly volume in August.

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Polymarket Nears $1 Billion in Bets for 2024 US Presidential Election

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The decentralized prediction platform Polymarket has seen substantial growth, accumulating nearly $900 million in bets for the upcoming 2024 United States presidential election. This surge in activity highlights the platform's increasing influence in the prediction market space.

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Kamala Harris Leads Betting Odds

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According to Polymarket, U.S. Vice President and Democratic presidential candidate Kamala Harris currently holds a 50% chance of winning, with bets surpassing $127 million. Republican candidate Donald Trump follows closely with 49% winning odds and nearly $144 million in bets. Harris overtook Trump in the betting odds on August 12, marking a significant shift in the prediction market.

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Polymarket's Explosive Growth

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The focus on the 2024 presidential election has significantly contributed to Polymarket's growth, with August recording the platform's highest number of active traders and monthly volume. The platform's cumulative volume reached $1.75 billion as of September 13, showcasing its expanding role in the digital asset ecosystem.

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