Just how big was betting on the 2024 presidential election? We now have the answer. According to data from two sites that offered election betting — also referred to as futures “contracts” — two brands that accepted election wagers had hundreds of millions of dollars at stake across this November’s elections.

Prediction markets, which surged to prominence during the presidential campaign, started reflecting a likely Trump win several weeks ago, even as opinion polls showed a tight race.

Donald Trump and the GOP were big winners last night. But just below them in the tier of winning are election bettors and betting markets.

Prediction markets, exchange-traded markets where participants can bet on the outcomes of future events, failed to provide reliable forecasting during the 2024 election.

Along with Donald Trump, the Republican Party, and the cryptocurrency industry, prediction markets are a clear winner of the U.S. election. The GOP's surprisingly strong showing Tuesday night came as a shock to those who only got their information from mainstream media,

Global investors were increasingly pricing in a win late on Tuesday for Republican Donald Trump, as the former president took a lead in U.S. presidential elections, with some battleground states yet to post results.

Political prediction markets are increasingly expecting Trump to win the election, with the odds of a Trump victory ticking up over the past couple of hours. Right before polls closed, Polymarket gave Trump implied odds of about 61% that he would defeat Harris.

Republican Donald Trump won Indiana, West Virginia and Kentucky in Tuesday's presidential election while Democrat Kamala Harris captured Vermont, Edison Research projected, as polls closed in the first six U.