Nearly $5 billion in bets have been placed on the outcome of the presidential election across Polymarket and Kalshi.

ToplineFormer President Donald Trump has continued to surge on betting sites into early Wednesday morning, with bettors ...

Users holding Trump contracts stand to receive $1 per contract upon settlement, which could be as early as this week for ...

The French “whale” who bet $30 million on a Trump White House win via Polymarket has raked in $48 million in profits on the ...

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

Tuesday night's election returns were a shocker if you only watched CNN. But not if you'd looked at the betting all along.

Thousands who gambled on the U.S. election are looking forward to a potential payout of about $450 million from online ...

Online betting markets took a victory lap following Donald Trump’s decisive win in the US presidential election, given that ...

Despite votes still being counted in several key swing states, sites like Polymarket, Kalshi, Robinhood, and PredictIt all ...

Most betting markets give Trump an edge. Notably, Trump supporters, such as Tesla CEO Elon Musk, have advertised some of the prediction markets, particularly Polymarket, in hopes of people pushing ...

The popularity of prediction markets (for gambling on politics) is a new phenomenon in the United States, and who pays out ...

Long prohibited by regulators, U.S. forecasting sites recently won the right to offer bets on national elections—a liberty Trump is unlikely to roll back after they bettors backed him to win.