Betting frenzy surrounding US presidential election reaches new heights

Even though there are still several months until Election Day, the US presidential election is turning out to be a goldmine for bookmakers around the world. Estimates place the total amount wagered on the outcome at about $1 billion. There are a ton of thrilling betting opportunities because of the unpredictable events surrounding the 2024 presidential debate.

Being one of the top sites for betting on elections, Polymarket has benefited from the increased interest in the presidential contest. Donald Trump, the former president, is still ahead on the platform by 54%. His new opponent, Kamala Harris, has seen her odds significantly increase to 45% following President Joe Biden's unexpected withdrawal from the race.
 
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