# Polymarket Hits $2 Billion in Presidential Election Bets

*Author: David Christopher*
*Published: Oct 17, 2024*
*Source: https://www.bankless.com/de/polymarket-hits-2-billion-in-presidential-election-bets*

---

The betting volume for the U.S. 2024 presidential election has surpassed $2B on Polymarket, doubling its prior record in less than a month.

## What's the scoop?  
- **Trump Leading:** Donald Trump holds a [62.3% chance of winning](https://www.theblock.co/post/321725/polymarket-betting-volume-for-us-presidential-election-winner-crosses-2-billion) with $608M in betting volume, while Kamala Harris follows with 37.5% and $405M.  
- **Platform Growth: **The U.S. election has driven Polymarket’s monthly volume to $1.14B for October, a 113.7% jump from September.  

## Bankless Take:  
Polymarket’s $2B in betting volume underscores the platform's increasing popularity as election day nears, also snagging it the #1 spot in the App Store, albeit under “Magazines & Newspapers.” Regardless, the rapid growth reflects the heightened public interest in prediction markets, as well as the platform’s excellent job concealing its status as a crypto-native application — which would likely turn people away. Further, with [much evidence pointing](https://x.com/fozzydiablo/status/1846369866091319743) towards Trump’s market being manipulated, if election day comes and it doesn’t line up with Polymarket, it could erase the progress the platform has made as a source of “truth” rather than speculation.

> Data suggests a single entity has been purchasing all Trump related bets on [@Polymarket](https://twitter.com/Polymarket?ref_src=twsrc%5Etfw) totaling $26 million. - Fredi9999- PrincessCaro- Michie- Theo4Taking a look at their betting activity we can analyze when the accounts are placing bets.What's most interesting is when… [pic.twitter.com/2eSv2AKRhW](https://t.co/2eSv2AKRhW)— Fozzy (@fozzydiablo) [October 16, 2024](https://twitter.com/fozzydiablo/status/1846369866091319743?ref_src=twsrc%5Etfw)