Polymarket's US presidential election betting exceeds $2 billion

BlockBeats reported that on October 17, the decentralized prediction platform Polymarket saw bets on the 2024 U.S. presidential election exceed $2 billion.

Previously, the prediction market on who would win, Vice President Harris or former President Trump, accumulated $1 billion in bets in just 23 days, a rapid progression since breaking through the first $1 billion on September 24.

As of October 17, Republican candidate Trump had bets on Polymarket of nearly $608 million, with a 62.3% chance of winning. Democratic candidate Harris had bets of $405 million, with a 37.5% chance of winning.

The 2024 U.S. presidential election is the biggest driver of growth on Polymarket, especially with only 19 days left until the November 5 election. Polymarket's monthly betting volume in October increased 113.7% to $1.14 billion from $533.5 million in September.