According to metrics, the prediction market Polymarket has experienced notable volume over the past few weeks, with the firm reporting it accrued over 0 million in June and .2 million on the day the 2024 presidential candidates Donald Trump and Joe Biden debated on stage. The Rising Influence of the Prediction Market Polymarket Polymarket has […]
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Trump’s 2024 Election Odds Jump to 66% on Polymarket; GOP Expected to Control Congress
Donald Trump’s prospects of winning the 2024 election have risen, with the prediction market Polymarket reporting his odds at 66% as of July 2, 2024. Meanwhile, a wager worth 4 million indicates that incumbent President Joe Biden’s chances stand at 18%. Trump Favored Over Biden in 2024 Election According to Prediction Markets The Polygon-powered prediction […]
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Polymarket Bet on Biden Dropping Out Rises to 50% as Camp David Retreat Fuels Speculation
This weekend, following the first presidential debate of 2024, the prediction market Polymarket, powered by Polygon, saw a shift in the wager regarding whether incumbent President Joe Biden will withdraw from the race. Just two days prior, the odds of Biden stepping down were at 39%, and as of June 30, 2024, the probability has […]
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Vivek Ramaswamy’s VP Prospects Spike 1,100% on Prediction Market Polymarket
Following speculation that former President Donald Trump might select Republican Vivek Ramaswamy as his vice presidential candidate, Ramaswamy’s chances have significantly increased on prediction platforms like Polymarket. Over the last three days, his odds have jumped by 1,100%. Ramaswamy Gains Momentum in VP Stakes on Prediction Markets On Tuesday, the internet buzzed with ongoing speculation […]
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Donald Trump’s VP Contenders: A Look at Polymarket Odds and Favorites
With the 2024 election set for November, there’s growing curiosity about whom former President Donald Trump will select as his vice-presidential candidate. Currently, the decentralized prediction market Polymarket is featuring bets on a wide array of potential candidates, with this weekend showing a mystery candidate and Republican Senator J.D. Vance of Ohio as the frontrunners. […]
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Polymarket Bets Show Growing Confidence in Trump’s Election Victory Over Biden
Ten days ago, after former President Donald Trump was convicted on 34 counts connected to a hush-money scheme, Polymarket bets indicated his chances of winning the 2024 election still stood at 54%, compared to incumbent President Joe Biden’s 40%. Since that time, the gap between Trump and Biden has widened significantly, with Polymarket odds increasingly […]
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Conviction Fails to Deter Donald Trump’s 2024 Election Odds, According to Polymarket Bets
Following the landmark news of former President Donald Trump’s conviction on 34 counts related to a hush-money scheme allegedly influencing the 2016 election, data from the Polygon-powered prediction market Polymarket shows Trump still leading in forecast bets for the 2024 election. Convicted But Leading: Trump Tops 2024 Election Predictions on Polymarket According to Polymarket, Donald […]
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Polymarket Bets Reflect Low Confidence in Ethereum ETF Approval by SEC
According to a wager on the decentralized betting platform Polymarket, the likelihood of a spot ethereum exchange-traded fund (ETF) gaining approval from the U.S. Securities and Exchange Commission currently stands at just 7%. This forecast commenced in January with a 76% probability of approval but has since plummeted by 91% over the last three months. […]
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Presidential Election Betting Surges as Odds Tighten on Polymarket
The competition has notably intensified in recent months for the 2024 U.S. presidential election, as indicated by the prediction market platform Polymarket. Just two months ago, former President Donald Trump was ahead with a 52% lead, while incumbent Joe Biden was at 33%. Current figures from Polymarket still place Trump in the lead, albeit by […]
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Polymarket Predicts Trump as 2024 US Election Winner With 48% Chance, Biden and Haley Trail in Predictions
With the U.S. presidential election just about nine months on the horizon, it appears that American electors are poised to encounter familiar faces from the 2020 race — Joe Biden and Donald Trump. Recent data from the decentralized crypto-based predictions platform Polymarket suggests that Trump, the nation’s 45th president, is currently leading with a 48% chance of victory.
2024 U.S. Election Forecast: Trump Ahead With 48% on Polymarket, Biden Trails
As the U.S. election competition intensifies, despite Vivek Ramaswamy‘s withdrawal, former President Donald Trump has maintained a substantial lead over his Republican rivals in recent months. Trump recently triumphed in the Iowa Caucus, securing the initial victory in the 2024 Republican presidential nomination race. He achieved a commanding lead with a 51% margin, followed by Florida Governor Ron DeSantis in second place, and former U.S. Ambassador to the U.N., Nikki Haley, clinching the third spot.
According to the forecasting platform Polymarket, Donald Trump is favored with an 89% likelihood of securing the Republican party’s nomination, while Nikki Haley stands at a 6% probability. On the Democratic front, Joe Biden is predicted to have a 78% chance of nomination, outpacing California Governor Gavin Newsom’s 6% chance. Essentially, Polymarket operates as a decentralized platform for predictions, allowing users to buy and trade shares based on potential events and outcomes. This market leverages blockchain technology for enhanced transparency and security.
As the election approaches on Nov. 5, 2024, the current trends on Polymarket suggest Trump is the frontrunner with a 48% advantage, surpassing Biden’s 36%. Following Biden, Haley is seen with a 3% likelihood of winning the general election. Intriguingly, despite his absence from the race, Vivek Ramaswamy holds a 2% chance. Robert Kennedy Jr. also holds a 2% chance of victory, as indicated by Polymarket’s data. Furthermore, this cryptocurrency-driven prediction market is not the sole betting platform indicating a Trump victory.
Oddschecker’s data reveals Trump with a 45.5% likelihood of clinching the election, compared to Biden’s 33.3% probability. Nikki Haley is given a 5.9% chance of victory in their analysis. Meanwhile, the web portal Bet Ohio positions Trump in the lead with a 46% chance, Biden following at 36%, and Haley at 9% in the race for the 2024 presidency. Notably, both Kennedy and DeSantis are pegged at a 3% chance, as recorded by Bet Ohio on Jan. 17, 2024. Additionally, the betting site Covers indicates Trump is ahead with a 47.6% chance, while Biden trails behind at 34.8%.
What do you think about Polymarket predicting Trump winning the 2024 U.S. election? Share your thoughts and opinions about this subject in the comments section below.