Polymarket monthly volume hits $100M as
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presidential race heats upDecentralized predictions platform Polymarket hit
$100 million in monthly trading volume in June as punters upped their stakes on how they think the United States presidential election will play out.
At the time of writing, there are $203.3 million worth of bets in “Presidential Election Winner 2024” — which consists of individual “Yes” or “No” bets across 17 prediction markets.
U.S. President Donald Trump is currently the favorite, with 62% odds that he will win the U.S. election — totaling $24.7 million in bets for and against.
Second is current U.S. President Joe Biden, who has $23.9 million in bets on whether or not he will make it as president for a second term. Those odds, however, have fallen from 34% to 21% since his lackluster Presidential Debate performance on June 28.
Meanwhile, odds for Democrats Gavin Newsom, Kamala Harris and Michelle Obama spiked as some political commentators questioned whether Biden should drop out of the presidential race.
Biden’s recent debate performance has also led to a spike in “Yes” bets on “Biden drops out of presidential race” and “Biden drops out by July 4” markets, which are now at 43% and 9%, respectively. Over $10 million in bets have
