Voters have revealed the staggering amounts of money they have been investing in the 2024 presidential election.
DailyMail.com went to Times Square in New York City to ask them how much they had been criticizing Kamala Harris or Donald Trump.
One person told us they backed Harris with $500, while another man said he gave $5,000 to Trump to win the race for the White House.
His friend jokingly added that he “didn’t have $5,000,” and one woman said she would give Harris a million dollars if she had the money to do so.
Platforms like Polymarket and Kalshi have allowed punters to back the two potential presidents, with both platforms receiving staggering sums.
DailyMail.com went to Times Square in New York City to ask them how much they had been criticizing Kamala Harris or Donald Trump.
One person told us they backed Harris with $500, while another man said he gave $5,000 to Trump to win the race for the White House.
Your browser does not support iframes.
Another man said he would put his savings on Harris, while wearing a T-shirt calling former President Trump a scammer.
One man said he was so confident that President Trump would sweep the election that he would bet $5,000 on him to win, adding, “Why not?”
Polymarket, the most active of these betting platforms, which have appeared in the last five years, has recorded a betting transaction volume of around $3.2 billion.
Kalshi, a site regulated by the US CFTC, has traded $241 million in its election results contract.
Its second-largest betting contract, on the electoral college margin, has raised $45 million.
According to Kalshi’s social media pages, Trump now has a 14 percent lead as polls begin to close across the country.
They also report that Pennsylvania, a state of vital importance to both campaigns, is led by Trump with eight percent.
Other platform odds have Harris winning Michigan by a resounding 62 percent, while Trump takes Georgia by similar numbers, winning 63 percent.
The company has installed a billboard in Times Square showing real-time bets placed on the election near where we asked people walking through the area.
Your browser does not support iframes.
Other platform odds have Harris winning Michigan by a resounding 62 percent, while Trump takes Georgia by similar numbers, winning 63 percent.
One man said he was so confident that President Trump would sweep the election that he would bet him $5,000 to win.
Outside the US, UK-based Betfair has said it has seen £206 million, equivalent to $268 million, invested in its election winners market.
Currently, the company gives Trump the best chance of winning at 62 percent.
Betfair spokesman Sam Rosbottom said: “Donald Trump remains the favorite in the race to the White House, but the battle for key states is starting to heat up on the Betfair Exchange.”
‘Nevada, which today supported Trump with odds of 4/5 (58% probability), has seen the Democrats gain ground in the last hour or so.
“The Democrats are now almost even (50% chance) as of 4/5 this afternoon (42%) and we expect a lot of movement in this key market as the night progresses.”
Similarly, the other six key states are seeing plenty of action on the Betfair Exchange and bettors are aware that these states will likely decide the outcome.
People line up to vote in the 2024 US presidential election on Election Day at Park Tavern in Atlanta, Georgia, USA, November 5, 2024
Participants and observers are divided on whether these betting markets, where offered prices are determined by the weight of bets, are a solid leading indicator for the election outcome or are distorted by large bets and reflect the opinions of a crypto club. niche.
Elon Musk, for example, has said that betting markets are “more accurate than polls as there is real money at stake” and major news sites are citing his odds.
Tarek Mansour, chief executive of Kalshi, said bettors are a more accurate indication of the outcome than polls because they have “skin in the game.”
He told DailyMail.com: ‘We should definitely trust the (betting) markets. Prediction markets are places where people have money at stake. People don’t lie with their money.
