Crypto Gamblers Stake Record $445M On Presidential Race Between Trump and Harris

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Crypto gamblers have staked an astonishing $445 million on a potential presidential race between former President Donald Trump and Vice President Kamala Harris, driving election betting to unprecedented levels on Polymarket. Polymarket’s cumulative bet volume reached $1.03 billion in July, up from $672.94 million in June. In the week following President Joe Biden’s withdrawal from the Democratic race, Harris doubled the Democrats’ odds of winning, moving from 18% to 38%. Despite Harris’s recent gains, Polymarket whales overwhelmingly favor Trump, who retains a significant lead with a 59% chance of winning the elections.