Betting Platform Polymarket Rides On Trump Election Victory

2024-11-08 114

Polymarket, an online election betting platform, announced its return to the U.S. market, aiming to expand following a notable forecast of President-elect Donald Trump’s win. CEO Shayne Coplan credited the recent legalization of U.S. political prediction markets for enabling the platform’s renewed ambitions. A ruling favoring competitor Kalshi and product launches by Interactive Brokers and Robinhood indicate a rapidly expanding prediction market industry. Polymarket recorded over $3 billion trading volume for the presidential race.