As the 2024 U.S. presidential election draws closer, former President Donald Trump has opened up a substantial lead over Vice President Kamala Harris, according to prediction market traders. What Happened: Polymarket shows Trump with a 61.

The huge buy is further proof that predictive betting sites are only a reflection of what degenerate gamblers are willing to spend.

Roughly 60% betting odds does not equate to a 60% to 40% lead for Trump in polls, but rather indicates election bettors expect Trump to win about 60 out of 100 election si

Over the past two weeks, the chances of a Trump victory in the November election have surged on Polymarket, a crypto-based prediction market. Its bettors were giving Trump a 62% chance of winning on Thursday, while Harris’s chances were 38%. The candidates were in a dead heat at the start of October.

While conventional polls show the upcoming November election to be a close call, Polymarket, a prediction platform, suggests a different outcome. A total of $26 million in bets, potentially from a single source, have tipped the odds in favor of Donald Trump, the GOP candidate, giving him a significant lead over his Democratic rival, Kamala Harris.

Place your bets! The gambling lines for the 2024 presidential election are swinging toward former President Donald Trump. Offshore bettors continue to drive up that probability because they predict Trump has a better chance of winning battleground states.

Polymarket’s “Presidential Election Winner 2024” market showed bettors giving Trump a whopping 60.3% chance of winning.

A single wealthy supporter of former President Donald Trump is suspected of pouring some $30 million into a cryptocurrency betting website — and dramatically shifting the odds in favor of his recapturing the White House.