Polymarket Election Bets: Trump v Harris Put Money Where Mouth Is

Recent months have seen the upcoming US elections become one of the most discussed topics in the crypto industry.

With the US elections just around the corner, prediction platforms have become buzzing hubs for users to place their bets on the potential outcome. Among these platforms, the Polygon-based Polymarket has taken center stage, facilitating staggering bets in the millions.

Now, as the wait intensifies, the platform is revealing who stands to gain the most from either a Trump or Harris victory.

Trump Backers Leading the Charge

Polymarket’s ‘2024 US Election forecast’ has remained a popular battleground for users to take chances on the potential results of the upcoming Harris– Trump elections, and the platform is buzzing with bold wagers.

A few bettors have positioned themselves for staggering payouts on the election outcome. One player, ‘Fredi9999’, placed a bold $27.15 million on Trump to win and stands to make a staggering $48.35 million. Another participant with the pseudonym ‘zxgngl’ could pocket as much as $24.75 million from his bet of $15.21 million.

One other bettor, GCottrell93, whose recent bets briefly drove Trump’s chances to 99% in an anomaly, put in approximately $8.82 million, hoping to win a staggering $13.28 million should the former president take the White House throne.

WHO WILL WIN THE MOST ON THE ELECTION?

TRUMP:

Fredi9999 (4 accounts) TO WIN $48.35M (cost basis: $27.15M)

zxgngl TO WIN $24.75M (cost basis: $15.21M)

GCottrell93 TO WIN $13.28M (cost basis: $8.82M)

KAMALA:

Ly67890 (4 accounts) TO WIN $16.06M (cost basis: $5.91M)

leier TO WIN… pic.twitter.com/EmAivkKL5r

However, Trump’s backers are not the only ones making bold bets. While somewhat smaller, predictions for Harris to win are also backed with big cheques, with one ‘Ly67890’ in with $5.91 million to win a total of $16.06 million. Another bettor, ‘leier’ is betting on winning $10.87M should the Vice President with $5.02 million, while one other ‘markitzero’ hopes for $8.36 million with a total bet of $4.04 million.

As the wait intensifies, one candidate is taking the lead.

Trump’s Odds Continue to Shine

Throughout the past few weeks, Donald Trump has maintained clear dominance on the Polymarket, outshining Kamala Harris by a major gap.

With the odds at approximately 62% to 38% in his favor at the time of writing, Trump’s chances have continued to surge impressively in recent weeks, leading the way in predictions across key swing states.

On the other hand, Harris’ odds have been on a downward slope, with the vice President now hovering around the 30% range despite previously displaying impressive performance.

It is important to note that predictions on Polymarket and other platforms are not definitive indicators of the actual election results, and how the high-stakes battle plays out ultimately remains to be seen.