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🚨🚨🚨Cumulative open interest on Polymarket’s US presidential election market quadruples to over $200 million as vote nears
Cumulative open interest on Polymarket’s 2024 U.S. presidential election market has surpassed $200 million, according to The Block’s data feed. This represents a quadrupling of derivative bets taken since the beginning of the month, as the country nears electing either Vice President Kamala Harris or former President Donald Trump next week.
Anyone with access to Polymarket can place a bid, meaning in theory the platform provides a probability of some future event happening because bettors are incentivized to vote for what they believe if they have money on the line. For instance, if a candidate is running unopposed, they could conceivably poll at only 50% because not all residents intend to vote for them, but they could have 100% odds on Polymarket.
