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Crypto Markets Predict Trump Win
Prediction markets using cryptocurrency show Donald Trump leading Kamala Harris in the US election, raising questions about their accuracy and future.
English
Canada
Us PoliticsElectionMarketsPredictionCryptoBetting
PolymarketKalshiCftcDouro LabsKaiko
Donald TrumpKamala HarrisElon MuskMichael CahillAdam Mccarthy
- What do prediction markets suggest about the outcome of the US election?
- Prediction markets, such as Polymarket and Kalshi, indicate Donald Trump as the frontrunner against Kamala Harris in the upcoming US election, contrasting with neck-and-neck opinion polls.
- How much money is being wagered on the election outcome in cryptocurrency platforms?
- Billions of crypto dollars are being used to bet on the election outcome on platforms like Polymarket and Kalshi, reflecting the assumed probability of each candidate's win. These markets show Trump with a significant lead over Harris.
- What are the trading volumes on Polymarket and Kalshi for the presidential election?
- Polymarket, the busiest platform, has seen approximately $3.1 billion in trading volume for the presidential election bets, while Kalshi, a regulated platform, has seen around $197 million.
- What is the future outlook for these prediction market platforms after the election?
- The high volume of betting on the US election dwarfs previous activity on these platforms, but there is uncertainty about their long-term relevance after the election results are known.
- Are there any concerns about the reliability of prediction markets in reflecting public opinion?
- Concerns exist about whether these prediction markets accurately reflect voter sentiment or are skewed by crypto users and large bets, as the average voter may not be involved in these platforms.