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News in English (USA) / 20.10.2024 / 09:00

Trump Surges in Betting Markets Ahead of Presidential Election

As the presidential race heats up, betting markets are showing a significant shift in favor of Donald Trump, with his odds surpassing 60% against Kamala Harris. A mysterious wave of large bets, amounting to $30 million, has allegedly influenced platforms like Polymarket, suggesting a strong pro-Trump sentiment among bettors. Analysts have noted that these bets predominantly originate from overseas. While mainstream polls present a tighter race, the prediction markets project Trump as the clear frontrunner, prompting discussions about potential manipulation of odds. With a commanding lead emerging from a flurry of wagers, industry experts highlight the discrepancy between polling data and these market predictions, raising questions about their implications for the upcoming election.
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