OpenAI
Polymarket, a decentralized prediction platform, has attracted nearly $900 million in bets for the 2024 U.S. presidential election. Democratic candidate Kamala Harris leads with a 50% chance of winning and $127 million in bets, while Republican Donald Trump closely follows with 49% and $144 million. The 2024 election has significantly boosted Polymarket's growth, with a record number of active traders and volume in August 2024. The platform's cumulative volume now stands at $1.75 billion as of September 2024.
My Thoughts
- Quit while You are Ahead. All the Best Gamblers do - Quote from Baltasar Gracian
- Enormous amount of money is being placed betting on U.S. elections. I think Polymarket ease of use and timely updates are quite attractive to bettors.
- I've browsed through some of the top bettors' information on Polymarket. Can't figure out if they are your average joe, famous whales or public figures.
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