Billions were bet on election odds using online markets
Election betting platforms brought in billions of dollars as users around the world wagered on who would win Tuesday’s U.S. presidential election, according to an NBC News analysis of betting platforms.
Polymarket, an online betting platform that is not supposed to allow U.S. users, brought in over $3.6 billion in bets on the presidential election, with $1.5 billion wagered on Donald Trump and $1 billion on Vice President Kamala Harris.
Although bets on presidential candidates remained the most popular, bets on the outcomes in specific states racked up a total trading volume of over $270 million on Polymarket and over $120 million on Kalshi, a legal betting platform that serves U.S. users.
On both of the sites, Pennsylvania was the state with the highest betting volume, with over ...