Skip to main content

Politics is the New Playing Field for Sports Betting

 As of writing, the Yes side shares in the Trump prediction market tied to the "Presidential Election Winner 2024" contract traded at 55 cents, representing a 55% probability of Trump winning the election.

The U.S. presidential election is ten months away, and traders from Polymarket, a decentralized prediction platform, seem confident that former President Donald Trump will return to power.

As of writing, the Yes side shares in the Trump prediction market tied to the "Presidential Election Winner 2024" contract traded at 55 cents, representing a 55% probability of Trump winning the election. Trump recently won the first two Republican Party primaries, which were conducted to choose the candidate best suited to lead their respective parties.

Traders see a 38% chance of President Joe Biden holding on to power and just 1% odds of Indian-American aspirant and Republican Nikki Haley winning the election. Meanwhile, traders assign a 2% probability of Michelle Obama outshining the competition amid rumors that the former U.S. First Lady could soon join the presidential race.

Since its debut in 2020, Polymarket has been one of the preferred destinations for traders looking to bet on binary events.

Polymarket's Presidential Election Winner 2024 betting contract. (Polymarket)
Polymarket's Presidential Election Winner 2024 betting contract. (Polymarket) (Polymarket)

Traders have bet over $22 million in the Presidential Election Winner 2024 contract, of which $3.4 million is currently locked in the Trump-focused prediction market.

The contract will expire on Nov. 5, and Associated Press, Fox News, and NBC will be used as resolution sources for the market.

STORY CONTINUES . . .

Traditional sports betting books also have Trump and Biden as favorites to win the 2024 Presidential election. Last week, Biden had +156 election odds to become U.S. president again, narrowly beating Trump's 150+ odds.

________________________________________________________



>

Comments

Post a Comment

Popular posts from this blog

World Defense News

Flash News: Ukraine Intercepts Russian Kh-59 Cruise Missile Using US VAMPIRE Air Defense System Mounted on Boat. Ukrainian forces have made a major breakthrough in their air defense strategy, successfully intercepting and destroying a Russian Kh-59 cruise missile over the Black Sea with the newly deployed U.S. L3Harris VAMPIRE Surface-to-Air Missile (SAM) system mounted on a high-speed boat.  This marks the first operational use of the VAMPIRE SAM system to intercept a cruise missile, representing a significant leap forward in Ukraine's capability to counter advanced airborne threats.  The achievement was reported on January 25, 2025, via the X account of Clash Report.  Read News Russia - Ukraine War at this link ... Ukrainian forces fire with the US-supplied VAMPIRE SAM system from a high-speed boat, successfully intercepting a Russian Kh-59 cruise missile over the Black Sea in response to an airstrike threat. Screenshot from the video published on the Clash Report X acc...
Post a Comment
Click here to Read more »

Trump Inauguration Acts Have Been Announced!

The committee planning Trump’s inaugural ceremonies released a schedule Monday of four days of events centered around the Jan. 20th swearing-in ceremony, which Biden is planning to attend. “President Trump is dedicated to uniting the country through the strength, security, and opportunity of his America First agenda,” Steve Witkoff and Kelly Loeffler, the co-chairs of the inaugural committee, said in a statement. . . The Republican's Inauguration Day plans include tea at the White House, the swearing-in ceremony at the Capitol, a congressional luncheon, a parade on Pennsylvania Avenue and a trio of balls. Village People and Carrie Underwood to perform at Trump's inauguration events. . . Other inauguration ceremony performers will include two of the president-elect’s musical favorites, country singer Lee Greenwood and opera singer Christopher Macchio. Euronews.com 49 minutes ago Search inside image Village People and Carrie Underwood to perform at Trump's inauguration events...
Post a Comment
Click here to Read more »

Zelenskyy ‘a beggar and blackmailer’ – EU state’s PM

11 Jan, 2025 19:21 Home World News The Ukrainian leader needs to stop asking other people for money, Slovakia’s Robert Fico has said Vladimir Zelensky looks on during a joint press conference with European Council President Antonio Costa in Kiev, Ukraine, December 1, 2024  ©   Getty Images / Nikoletta Stoyanova ISNA News Agency 6 days ago Search inside image Slovakia's PM: Zelensky a beggar and blackmailer - ISNA Slovak Prime Minister Robert Fico has lashed out at Vladimir Zelensky, declaring that the Ukrainian leader’s  “begging and blackmailing”  needs  “to stop.”  Relations between Bratislava and Kiev soured when Ukraine cut off the flow of Russian gas earlier this month. “I’m not here to hold hands with Zelensky, and I’ll admit, I’m sick of him sometimes,”  Fico said at a meeting of the Slovak parliament’s foreign affairs committee on Friday. “He roams Europe begging and blackmailing, asking others for money,”  Fico continued, adding:...
Post a Comment
Click here to Read more »