CryptoMediaClub
Monday, July 28, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Donald Trump’s Odds Surge Ahead of Kamala Harris on Polymarket, Prompting Manipulation Concerns

19.10.2024
A A
0
121
VIEWS
ShareShare

Donald Trump’s odds of defeating Kamala Harris surged on Polymarket this week, raising concerns about potential market manipulation just weeks ahead of the U.S. presidential election.

Trump, the Republican nominee, currently holds a substantial lead over the vice president on the decentralized prediction platform, sparking debates about the integrity of these betting markets.

Donald Trump’s Questionably Leads Kamala Harris on Polymarket

According to Polymarket’s official “Presidential Election Winner 2024” poll, bettors favor Trump over Harris with 62.1 percent to 37.9 percent.

This dramatic shift in odds has raised eyebrows as it coincides with a significant bet from one user.

Polymarket’s real-time odds are starting to price in a Trump win, which could explain the recent rally in stocks and crypto. Markets are reacting—who do you think takes it? pic.twitter.com/I3yy8cXRg8

— HZ (@MFHoz) October 18, 2024

A bettor known as Fredi9999 reportedly placed a massive $20 million wager on Trump, which has skewed the market and raised concerns about the validity of Polymarket’s odds.

In contrast, national polls paint a much closer picture of the race, with Harris leading Trump 48.5 percent to 46.2 percent, respectively.

The controversy surrounding political prediction markets has intensified as Election Day approaches.

Billionaire and X CEO Elon Musk recently claimed, albeit falsely, that such platforms are “more accurate than polls” because “actual money” is involved.

However, critics argue that large sums of money can distort the results.

Several U.S. lawmakers have voiced their opposition to political betting platforms.

In an August 2024 letter to the Commodity Futures Trading Commission (CFTC), Senators Elizabeth Warren, Richard Blumenthal, and Jeff Merkley, among others, expressed concerns that big money bets could influence the outcome of the election.

“Election gambling fundamentally cheapens the sanctity of our democratic process,” they wrote. “Political bets change the motivations behind each vote, replacing political convictions with financial calculations,” they added.

Could Donald Trump’s Polymarket Odds Be Manipulated Before Election Day?

Just last month, prediction market Kalshi won a highly-publicized court battle allowing it to sell political event contracts. However, a federal appeals court has since expedited a legal review of that decision.

According to Morning Brew, Kalshi has pulled in over $12 million on bets related to Harris and Trump.

On Kalshi’s platform, Trump holds a 57 percent lead over Harris at 43 percent. But experts warn that these numbers might not reflect reality.

Brandon Carl, Head of AI and Strategy at Smarsh Inc., cautioned that these betting markets could drive “herd behavior,” as people tend to follow perceived winners rather than true odds.

All political views aside…
I worry that betting markets like Polymarket end up used to influence stock markets as well as political outcomes.
There were reportedly two whale bets totaling $4 million betting on Donald Trump. It moved the betting markets.
Subsequently stocks… pic.twitter.com/yzNfZLsiud

— Brandon Carl (@brandonjcarl) October 17, 2024

“The great danger is that people assume that betting markets are a reflection of reality,” Carl said. “But betting markets are still markets, which means they are prone to manipulation. The incentives certainly exist.”

As the 2024 U.S. presidential election approaches, questions about the legitimacy of prediction markets like Polymarket and Kalshi remain unresolved, leaving many to wonder just how much influence big bets will have on the final outcome.

The post Donald Trump’s Odds Surge Ahead of Kamala Harris on Polymarket, Prompting Manipulation Concerns appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

Crypto Lender Divine Uses Iris-Scanning World ID to Disburse 30,000 Unsecured Loans
All news

Crypto Lender Divine Uses Iris-Scanning World ID to Disburse 30,000 Unsecured Loans

28.07.2025
0

San Francisco-based crypto lender Divine Research is extending thousands of unsecured loans to borrowers across the globe, verified not through...

Read moreDetails
Metaplanet Buys 780 More Bitcoin, Total Now Over 17,000 BTC

Metaplanet Buys 780 More Bitcoin, Total Now Over 17,000 BTC

28.07.2025
South Korean Crypto Exchanges Paid Customers $87M in Interest in Past Year

South Korean Crypto Exchanges Paid Customers $87M in Interest in Past Year

28.07.2025
Tyler Winklevoss Says JPMorgan Halted Gemini Onboarding Over Public Criticism

Tyler Winklevoss Says JPMorgan Halted Gemini Onboarding Over Public Criticism

28.07.2025
Ripple’s Chris Larsen Still Holds 2.58B XRP, Analyst Warns of Potential Sell Pressure

Ripple’s Chris Larsen Still Holds 2.58B XRP, Analyst Warns of Potential Sell Pressure

27.07.2025
Load More
Next Post
Investors Abandon Cardano For New Ethereum Token

Investors Abandon Cardano For New Ethereum Token

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Stablecoin Race: DAI Surpasses BUSD Amid Binance-SEC Regulatory Row

2 years ago
Gary Tiu: Hong Kong’s First Crypto Spot ETFs Coming By Mid-2024

Gary Tiu: Hong Kong’s First Crypto Spot ETFs Coming By Mid-2024

2 years ago
Blockchain Firm Blockdaemon Sets Sights on 2026 for Potential IPO in Hong Kong

Blockchain Firm Blockdaemon Sets Sights on 2026 for Potential IPO in Hong Kong

10 months ago
White Home Crypto Summit: Every little thing We Know So Far

White Home Crypto Summit: Every little thing We Know So Far

5 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Tyler Winklevoss Says JPMorgan Halted Gemini Onboarding Over Public Criticism

Ripple’s Chris Larsen Still Holds 2.58B XRP, Analyst Warns of Potential Sell Pressure

Solana Price Prediction: SOL Breaks Key Resistance – What This Means for Future Gains

Bitwise CIO Bets on Bitcoin Rally in 2026, Defying 4-Year Cycle

Ethereum Price Prediction: ETFs Log 17-Day Inflow Streak – Is a Supply Shock Coming?

Bitcoin Price Prediction: Satoshi-Era Whale Exit Fuels Volatility — What’s Next?

Trending

Crypto Lender Divine Uses Iris-Scanning World ID to Disburse 30,000 Unsecured Loans
All news

Crypto Lender Divine Uses Iris-Scanning World ID to Disburse 30,000 Unsecured Loans

28.07.2025
0

San Francisco-based crypto lender Divine Research is extending thousands of unsecured loans to borrowers across the globe,...

Metaplanet Buys 780 More Bitcoin, Total Now Over 17,000 BTC

Metaplanet Buys 780 More Bitcoin, Total Now Over 17,000 BTC

28.07.2025
South Korean Crypto Exchanges Paid Customers $87M in Interest in Past Year

South Korean Crypto Exchanges Paid Customers $87M in Interest in Past Year

28.07.2025
Tyler Winklevoss Says JPMorgan Halted Gemini Onboarding Over Public Criticism

Tyler Winklevoss Says JPMorgan Halted Gemini Onboarding Over Public Criticism

28.07.2025
Ripple’s Chris Larsen Still Holds 2.58B XRP, Analyst Warns of Potential Sell Pressure

Ripple’s Chris Larsen Still Holds 2.58B XRP, Analyst Warns of Potential Sell Pressure

27.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz