Hyderabad: With just two days left for the US Presidential election, a record number of bettors are wagering their money on potential outcomes. In October, the United States Court of Appeals for the District of Columbia Circuit passed a ruling, allowing Americans to bet on election outcomes.
With websites like Kalshi, Robinhood and others allowing betting for Americans, and Polymarket allowing betting from across the globe, wagers are being placed on the success of Presidential campaigns, individual state winning and the number of seats that a party can hold in the House of Representatives.
A majority of betting is being hit on Kalshi, as the ruling by the Court of Appeals was given in favour of KalshiEx. Until November 3, Kalshi said $177.36 million had been traded on their platform regarding the United States presidential elections.
The platform has shown a 51.1 per cent win for Donald Trump, and a 48.9 per cent winning chance for Kamala Harris, with a steep 3.9 per cent fall for Donald Trump in his campaign on November 2. Kalshi also displayed states of Pennsylvania, Nevada, Georgia and Wisconsin as swing states, indicating the cutthroat competition between the Democrats and Republicans in the states.
Polymarket, with tens of thousands of international bidders, is displaying a 54 per cent winning chance for Trump, and Harris 46 per cent. Betting prices on the platform are running at 54.1 cents for Trump winning, and 46 cents for his losing, while 46.1 cents are for a Harris victory and 54 cents for her defeat.
People from countries like Finland, Australia, France, Spain, New Zealand and Argentina are betting on the American elections, most of them attempting to cash in on the elections, while some placing bets based on their country’s association with the United States and their predictions on what would happen if a candidate won.
Although online betting is banned in India, some are still betting on the platform through VPNs and cryptocurrencies on platforms like Polymarket.
