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Billions Bet on US Election, Swing States in Focus
Billions wagered on US election on betting platforms, with swing states attracting significant interest and raising regulatory concerns.
English
United States
PoliticsUs PoliticsElectionFinanceRegulationBetting
PolymarketKalshiCommodity Futures Trading CommissionChainalysisThe Washington Post
Donald TrumpKamala HarrisEric ZitzewitzShayne Coplan"Théo"
- Which state had the highest betting volume on both Polymarket and Kalshi?
- Pennsylvania had the highest betting volume among states on both platforms, followed by Michigan and Georgia, reflecting the importance of swing states in determining election outcomes.
- What is notable about the bets made by a Polymarket bettor known as "Théo"?
- One Polymarket bettor, known as "Théo," placed over \$28 million on Trump winning, potentially netting \$83.5 million, raising concerns and triggering an investigation by France's gambling regulator.
- How did betting on swing states contribute to understanding the election's progression?
- The volume of bets on swing states provided real-time insights into the election's trajectory, offering a dynamic alternative to traditional polling methods.
- How much money was wagered on the 2024 US presidential election on election betting platforms?
- Election betting platforms like Polymarket and Kalshi saw billions of dollars wagered on the 2024 US presidential election, with significant amounts bet on specific states.
- What is the current status of Polymarket's operations in the US, and what concerns have been raised?
- Polymarket, though currently prohibited from operating in the US, plans to resume operations there, while its practices are under scrutiny following the large bets made on the election.