Donald Trump's odds on Polymarket of winning the U.S. presidential election temporarily dipped Wednesday after the prediction market's second

A newly registered Polymarket user backed Vice President Kamala Harris with $2 million, boosting her odds in the U.S. election showdown.

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

BI compiled data on the trading activity of the Polymarket "whale" accounts and found two of them placed more than 2,500 bets in the past 24 hours.

As the 2024 presidential race heats up, Donald Trumps chances of returning to the White House are at an all-time high, according to Polymarket. The betting platform, which tracks real-time predictions based on

Harris' chances in four critical battleground states have dropped significantly over the past week on the betting platform Polymarket.

Trump's odds of winning the presidential election have surged to 60% on prediction markets Polymarket and Kalshi, despite recent event cancellations and health rumors.

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

Cryptocurrency-based predictions market Polymarket is conducting fresh checks to verify that big spenders on its platform are based outside of the US, since people in that country aren’t allowed to trade on the website that has seen a surge in bets favoring Donald Trump to win the presidential election.

A new report from Bloomberg notes that a “handful of accounts” have “spent millions of dollars worth of crypto on bets in favor of Trump’s return to the White House.” Indeed, the Wall Street Journal recently ran a story on four highly active Polymarket accounts that have been exuberantly betting on the U.