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Kalshi rolls out political betting contracts for Trump presidency

The prediction market has listed contracts for betting on events, including a prospective Trump impeachment.

Prediction marketplace Kalshi has rolled out more markets for betting on United States political events in a bid to keep engagement high after the Nov. 5 presidential election.

The contracts cover outcomes ranging from how President-elect Donald Trump will staff his administration to whether he will be impeached during his presidency, according to regulatory filings with the US Commodity Futures Trading Commission.

Bettors flocked to political prediction platforms ahead of the US elections, with betting volumes tied to the presidential race nearing $4 billion as of election day on Nov. 5, according to a Cointelegraph analysis.

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Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Polymarket’s Staggering Growth in October — Will Post-Election Events Keep the Momentum Going?

Polymarket’s Staggering Growth in October — Will Post-Election Events Keep the Momentum Going?Based on Dune Analytics’ latest figures, the prediction market Polymarket’s October volume has soared to over three times what it was in September. Polymarket Continues to Hit All-Time Highs In the lead-up to the 2024 U.S. election between former President Donald Trump and Vice President Kamala Harris, Polymarket’s trading activity has spiked dramatically. Data shows […]

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Polymarket Volume Hits Record $917M in October—How Much Higher Could It Go?

Polymarket Volume Hits Record 7M in October—How Much Higher Could It Go?According to recent data, Polymarket’s October trading volume has already eclipsed September’s figures, with two weeks still remaining in the month. Impressively, the volume has hit a record high, approaching $1 billion in just over two weeks, ahead of the 2024 U.S. election. $917M and Growing: Analyzing Polymarket’s Record-Breaking October At the time of this […]

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

DC Circuit Court Rules Kalshi’s US Election Bets Legal

DC Circuit Court Rules Kalshi’s US Election Bets LegalThis week, the U.S. Court of Appeals for the District of Columbia Circuit has ruled in favor of the predictions market Kalshi, allowing the commodities exchange to offer event contracts based on the outcome of U.S. congressional elections. Circuit Judge Millett’s opinion supports the legality of the contracts, dismissing claims of gaming or election gambling. […]

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Trump Leads Harris by 7%, Wins Majority of Swing States, Polymarket Betting Shows

Trump Leads Harris by 7%, Wins Majority of Swing States, Polymarket Betting ShowsAccording to recent Polymarket data, former President Donald Trump is ahead of Vice President Kamala Harris by seven percentage points as of Sept. 5, 2024. Polymarket’s betting on six key swing states shows Trump leading in four, including Arizona, Georgia, Pennsylvania, and Nevada. Trump Holds 7% Lead Over Harris on Polymarket, General Polls Show a […]

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Polymarket Hits Record $472.87M in August Volume Amid Election Betting Frenzy

Polymarket Hits Record 2.87M in August Volume Amid Election Betting FrenzyThe blockchain-powered prediction market Polymarket saw an additional $85.84 million in trading volume during August, marking a notable uptick from July. August’s volume of $472.87 million set a new high, surpassing every month since Polymarket’s inception. Polymarket Volume Soars in August While some sectors faltered in August, Polymarket thrived, setting new records with $472.87 million […]

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

US Lawmakers Push for CFTC Action Against Election Gambling Amid Polymarket’s Rise

US Lawmakers Push for CFTC Action Against Election Gambling Amid Polymarket’s RiseA group of Democrat lawmakers, including Massachusetts Senator Elizabeth Warren, has penned a letter to Commodities and Futures Trading Commission (CFTC) Chairman Rostin Behnam, urging the agency to prohibit all forms of election-related gambling in the United States. This appeal is timely, as Polymarket, a blockchain-based platform for real-time prediction markets, has gained traction with […]

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

US senators urge CFTC to finalize ban on election betting

It comes as decentralized prediction platform Polymarket has gathered more than $500 million in bets on who will likely win the 2024 United States presidential election.

Five United States Senators and three House representatives have renewed calls for the commodities regulator to ban betting on the 2024 presidential election.

They claimed that such markets “could influence and interfere with elections and further erode public trust in democracy” in an Aug. 5 letter to the Commodity Futures Trading Commission Chair, Rostin Benham.

“We urge you to promptly finalize and implement this rule to prevent the commodification of U.S. elections.”

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Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

Polymarket Bettors Predict 84% Chance of Trump-Harris Debate Before Election

Polymarket Bettors Predict 84% Chance of Trump-Harris Debate Before ElectionAccording to the blockchain-based prediction market Polymarket, there is an 84% likelihood that former President Donald Trump and current Vice President Kamala Harris will debate before the election. Trump has shown hesitation to debate Harris until her official nomination, citing significant confusion within the Democratic party. High Stakes: $142,846 Wager on Trump-Harris Debate Before Election […]

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights

2024 Election Bets Propel Polymarket to $111 Million in June Volume

2024 Election Bets Propel Polymarket to 1 Million in June VolumeAccording to metrics, the prediction market Polymarket has experienced notable volume over the past few weeks, with the firm reporting it accrued over $100 million in June and $8.2 million on the day the 2024 presidential candidates Donald Trump and Joe Biden debated on stage. The Rising Influence of the Prediction Market Polymarket Polymarket has […]

Cryptoquant Report: Record-Breaking Activity Propels Altcoins to New Heights