U.S. election forecasts have surpassed 2 billion dollars.

The leading prediction platform in the cryptocurrency world, Polymarket, continues to break records as the U.S. presidential elections approach. The platform has reached a betting volume of 1 billion dollars in the last 23 days, bringing its total volume to over 2 billion dollars. This rapid growth demonstrates the rise of blockchain-based prediction markets as an alternative to traditional polling and forecasting methods.

Trump Leads with 62% in the Poll

As a prediction market built on blockchain technology, Polymarket closely follows political developments in the U.S. The platform allows users to place bets on the outcomes of various events. The 2024 U.S. presidential election has seen the highest participation on the platform so far.

With just 19 days to go until the election, betting odds are rapidly increasing. Republican candidate Donald Trump maintains his lead with a betting volume of 608 million dollars and a 62.3% chance of winning. Democratic candidate Kamala Harris follows in second place with a betting volume of 405 million dollars and a 37.5% chance of winning.

Polymarket's success highlights the potential of the DeFi ecosystem. The platform offers a more transparent and manipulation-resistant alternative compared to traditional forecasting methods.