US presidential race bets near $4B on election day

Polymarket dominates with around $3.3 billion in betting volumes tied to the outcome of the US presidential race. 

Bettors are all-in on the United States presidential election, with trading volumes nearing $4 billion across top prediction markets as voters flock to the polls on Nov. 5, according to a Cointelegraph analysis.

Web3-native Polymarket has emerged as the dominant political betting platform. It has seen more than $3.3 billion traded on the presidential race despite being barred in the US, according to Polymarket’s website.

But upstart US betting platforms — including Kalshi, Robinhood, and Interactive Brokers — have quickly gained traction since launching in October.

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