Republican

Donald Trump

Doland Tremp

Super Trump

<p class="is-style-lead">The bets on the market prediction platform Polymarket for the 47th U.S. president are quickly rising ahead of the elections. Republican candidate Donald Trump is leading with a huge gap.</p> 
<p>According to data provided by Polymarket, the total amount of bets on the next U.S. president has surpassed the $2 billion mark. Trump is currently leading with $600 million, followed by the Democratic runner Kamala Harris with $402 million.</p> 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="1008" height="762" src="https://crypto.news/app/uploads/2024/10/Screenshot-2024-10-17-143855.png" alt="Presidential election bets surpass $2b on Polymarket, Trump leading with $600m - 17" class="wp-image-14304353">
 <figcaption class="wp-element-caption">
  Bets on the 2024 U.S. elections winner – Oct. 17 | Source: <a href="https://polymarket.com/event/presidential-election-winner-2024/will-donald-trump-win-the-2024-us-presidential-election?tid=1721228789332" target="_blank" rel="nofollow">Polymarket</a>
 </figcaption>
</figure> 
<p>Data from the market prediction platform shows that the odds are in Trump’s favor, leading with a 59.9% chance of winning the U.S. presidential elections—Harris’ winning probability is sitting at 40%.</p> 
<p>This 19.9% gap was last seen in mid-July.</p> 
<p> You might also like: <a rel="" href="https://crypto.news/bonk-spikes-8-but-bears-mount-resistance-at-critical-levels/"> BONK spikes 8%, but bears mount resistance at critical levels </a> </p> 
<p>Per a crypto.news report, the increased odds of the Republican candidate becoming the next U.S. president have brought bullish momentum to Trump-themed meme coins. MAGA Hat (<a href="https://crypto.news/price/maga-hat/" target="_blank">MAGA</a>), Super Trump and Doland Tremp (TREMP) <a href="https://crypto.news/maga-strump-tremp-rally-amid-increasing-odds-of-a-trump-victory/" target="_blank">recorded impressive double-digit gains</a>.</p> 
<p>One of the key reasons behind Trump’s increasing chance is the involvement of Elon Musk, the billionaire CEO of Tesla.</p> 
<p>According to an X post by Mario Nawfal, Musk will likely deliver six speeches, supporting Trump, in Pennsylvania, also known as “The Keystone State.”</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">ELON IS IN PENNSYLVANIA – SIGN UP TO ATTEND<a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@elonmusk</a> has 3 talks scheduled in Pennsylvania this week, but will likely do around six across the state.<br><br>No attendance fee!<br><br>Just sign the petition for free speech, the right to bear arms, and confirm that you're a registered voter… <a rel="nofollow" href="https://t.co/CJ7nzSjvVo" target="_blank">pic.twitter.com/CJ7nzSjvVo</a></p>— Mario Nawfal (@MarioNawfal) <a href="https://twitter.com/MarioNawfal/status/1846842311684063436?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 17, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Nate Silver, a political statistician, believes that Pennsylvania is the most important state for the upcoming elections.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Now that we have a bit more state polling of the Harris-Trump matchup … Pennsylvania back to being by far the most important state. <a rel="nofollow" href="https://t.co/brj8YJlgD3" target="_blank">pic.twitter.com/brj8YJlgD3</a></p>— Nate Silver (@NateSilver538) <a href="https://twitter.com/NateSilver538/status/1819457285535703160?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 2, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Previously, Musk’s involvement in a Trump campaign in Butler, Pennsylvania <a href="https://crypto.news/trump-extends-lead-on-polymarket-after-pivotal-speech-with-elon-musk/" target="_blank">increased</a> the odds of the republican candidate to 50.8%.</p> 
<p> Read more: <a rel="" href="https://crypto.news/trump-endorsed-wlfi-falls-short-of-300m-target/"> Trump-endorsed WLFI falls short of $300m target </a> </p>

Presidential election bets surpass $2b on Polymarket, Trump leading with $600m

crypto.news

Other articles published on Oct 17, 2024

Bitcoin Price Surpasses $67,000 as Coinbase Makes Key Listings

Ripple Transfers 42 Million RLUSD in 48 Hours, Community Abuzz

DraftKings Expands Electric Poker to Pennsylvania

Crypto exchange WazirX has an asset deficit of 45% and withdrawals could take 6 months

BREAKING: Person Arrested for Hacking SEC’s Twitter Account and Sharing Fake Bitcoin ETF Approval

Could Arkham’s derivatives exchange really challenge Binance?

Join our free newsletter for daily crypto updates!