Confusion in Polymarket because Donald Trump has not yet been declared the winner

Betting platform Polymarket has yet to formally declare Donald Trump the winner of the 2024 US presidential election, even though the necessary criteria for such a decision have already been met.

With a betting volume that exceeds 3.6 billion dollarsPolymarket stipulates that the bet will be settled only if the Associated Press, Fox News and NBC declare a candidate the winner.

These three sources have already agreed that Donald Trump has won the election, becoming the 47th president of the United States, with inauguration scheduled for January 20, 2025. In the case of AP and Fox, since the early hours of this Wednesday, November 6. NBC, for its part, declared Trump’s victory shortly before publishing this report.

Polymarket’s failure to close the bet has generated criticism and questions among bettors. In the comments on the platform, user JesusHeals expressed his confusion: “I just Googled him and the Associated Press, Fox News and NBC say he is the winner. “What exactly are we waiting for?”

Another bettor, OxeA795, remained calm, but insisted on the evidence: “Keep calm. The three sources have already stated it. It has already been proposed, not disputed, and has been stated as YES. There is no turning back now, we just need patience.”

Polymarket’s bet has not yet closed. Source: Polymarket.

Trump’s victory has not only had political repercussions, but also economic ones. The cryptocurrency market reacted positively to the news of his election. The price of bitcoin (BTC) increased 7% in a single day, breaking historical records and reaching $75,300, as reported by CriptoNoticias.

Sector analysts, such as those from the British bank Standard Chartered, estimate that, with Trump in the presidency and a Congress controlled by Republicans, bitcoin could reach $125,000 before the end of 2024. This forecast is based on the expectation of more favorable policies towards cryptocurrencies under the incoming administration.

Meanwhile, bettors at Polymarket are still waiting for the closure of the bet to be made official. The situation raises questions about the efficiency and responsiveness of betting platforms based on political events, especially when the results are clear and widely accepted by major news sources.


This article was created using artificial intelligence and edited by a human Editor.

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