Key facts:
Kamala Harris is emerging as the winner in the bet, with 51% of the odds.
The results broadcast by AP, Fox News and NBC on November 4 will settle the bet.
More than $1 billion is at stake on Polymarket, a cryptocurrency betting platform, with the idea of predicting who will be the winner of the United States presidential election in 2024. With election day approaching, interest in these betting has grown significantly.
As of the writing of this report, the total amount bet on the platform it amounts to 1,044,618,484 dollars. There, Vice President Kamala Harris emerges as the favorite with 51% probability to win the elections.
The electoral bet on the Polymarket platform has been increasing the amount at stake as attention is focused on it. To that same extent, both Harris and former President Donald Trump are intensifying their campaign efforts.
The Polymarket betting market will be resolved once the Associated Press, Fox News and NBC announce the same candidate as the winner. “This market will be resolved once all three sources announce the race for the same candidate. If the three sources have not called the race for the same candidate by the inauguration date (January 20, 2025), this market will be resolved depending on who takes office,” Polymarket specifies.
The November elections have taken on special importance for the cryptocurrency community as they reflect the growing influence of the bitcoin and cryptocurrency ecosystem on American politics. Trump has shown a completely open posture towards this ecosystem, as reported in CriptoNoticias, where its interest in the regulation and potential of cryptocurrencies in the United States is highlighted.
On the other hand, Kamala Harris has taken a more cautious stance. Recently, he mentioned that, if he won, he would promote investment in blockchain technology, indicating an interest, although more conservative, in the integration of these technologies into the American economy and politics.
With the highest stakes in recent Polymarket history, the 2024 elections promise to be not only a crucial political event, but also a betting phenomenon reflecting growing interest in American politics and Bitcoin technology.
This article was created using artificial intelligence and edited by a human Editor.