Polymarket Bettors Go All In Ahead of Trump-Harris Election

• High-stakes bets on Polymarket hang in the balance as the US elections approach.
• Polymarket participants are placing big wagers on the prospects of Donald Trump and Kamala Harris.
• One candidate has dominated the charts throughout the week.

Recent months have seen the upcoming US elections become one of the most discussed topics in the crypto industry. Chatter has been flying over who will emerge victorious in the battle for the 47th president position. Prediction platforms, including the Polygon-based Polymarket, have become popular stages for the debate, with participants making bold predictions about their preferred candidates.

With election day at hand, the spotlight has turned to the high-stakes predictions that hang in the balance.

Trump v Harris: Polymarket Bets Put Money Where Mouth Is

Polymarket’s ‘2024 US Election forecast’ has remained a popular battleground for users to take chances on the potential results of the upcoming Harris – Trump elections, and the platform is buzzing with bold wagers.

A few bettors have positioned themselves for staggering payouts on the election outcome. One player, ‘Fredi9999’, placed a bold $27.15 million on Trump to win and stands to make a staggering $48.35 million. Another participant with the pseudonym ‘zxgngl’ could pocket as much as $24.75 million from his bet of $15.21 million. 

One other bettor, GCottrell93, whose recent bets briefly drove Trump’s chances to 99% in an anomaly, put in approximately $8.82 million, hoping to win a staggering $13.28 million should the former president take the White House throne.

However, Trump’s backers are not the only ones making bold bets. While somewhat smaller, predictions for Harris to win are also backed with big cheques, with one ‘Ly67890’ in with $5.91 million to win a total of $16.06 million. Another bettor, ‘leier’ is betting on winning $10.87M should the Vice President with $5.02 million, while one other ‘markitzero’ hopes for $8.36 million with a total bet of $4.04 million.

As the wait intensifies, one candidate is taking the lead.

Trump’s Odds Shine

Donald Trump has maintained dominance on the Polymarket in recent weeks, surpassing Harris by a major gap.

With the odds at approximately 62% to 38% in his favor at the time of writing, Trump’s chances have continued to surge impressively in recent weeks, surpassing Harris in a commanding lead in predictions across key swing states.

However, unlike Trump’s, Harris’ odds have been on a downward slope, as the vice President now hovers around the 30% range despite previously displaying impressive performance .

However, regardless of the figures, predictions on Polymarket and other platforms are not definitive indicators of actual election results, and how the high-stakes battle plays out remains to be seen.

On the Flipside

• Polymarket recently faced criticism of favoritism, but the platform’s CEO debunked the claims. 
• Harris led Trump on Polymarket for most of September 2024.
• If the election outcome differs from the bettors’ chosen candidates, they stand to lose their stakes.

Why This Matters

The hefty bets on Polymarket underscore bettors’ commitment to their various predictions for either Donald Trump or Kamala Harris to win. However, with the election outcome still uncertain, participants face the potential for massive wins but equally significant risks of loss.

Read this for more on Polymarket bettors and reported losses incurred:
Polymarket Betters Are Overwhelmingly Losing Money: Here’s Why

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