Following Donald Trump’s election success, countless wagerers prepare for a possible $450 million payment from online wagering websites, states Reuters. As Trump’s chances rose on so-called forecast markets near completion of the race, platforms like Kalshi and Polymarket acquired attention for diverging dramatically from standard surveys, which recommended a much more detailed race.
Talking with the outlet, a Princeton neuroscience teacher credited the marketplaces’ relative precision to their capability to “determine crowd knowledge where no tough information is readily available.”
Backers in Kalshi clearly saw what was coming. As TechCrunch reported recently, its financiers lent the clothing 10s of countless dollars in short-term loans to pay its clients.
Their specific jackpots might fade in contrast to a Polymarket gambler called the “Polymarket whale.” As Reuters notes, the French previous trader made $40 million worth of Trump-related bets on the website. If Trump likewise wins the popular vote, the “whale” will apparently win $80 million.