Election Bettors Anticipate $450M in Winnings After Trump Victory
There are different metrics for when a president has officially won the contest. Polymarket allowed bettors to continue backing markets until Fox, NBC, and Associated Press declared Trump had won enough of the electoral college on Wednesday morning. Meanwhile, Kalshi bettors can continue wagering until Inauguration Day on Jan. 20, 2025.
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Nearly $5 billion in bets have been placed on the outcome of the presidential election across Polymarket and Kalshi.
Prediction marketplace Kalshi has rolled out more markets for betting on United States political events in a bid to keep ...
Prediction markets like Kalshi beat pollsters in forecasting the 2024 US election. Mansour now says financial marketplaces ...
Prediction markets, exchange-traded markets where participants can bet on the outcomes of future events, failed to provide ...
Users holding Trump contracts stand to receive $1 per contract upon settlement, which could be as early as this week for ...
After a U.S. appeals court ruled in October that wagering is allowed on political races, including the presidential election, ...
Thousands who gambled on the U.S. election are looking forward to a potential payout of about $450 million from online ...
Investors are rushing to throw millions at a hot startup called Kalshi as loans or even as unusual we’ll-figure-it-out later ...
As the election betting market expands, the need for robust compliance and regulatory frameworks will likely grow, driving ...
Should Kalshi be an option for betting on the 2024 Election? Or should bettors stick to the traditional offshore outlets?
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