You are currently viewing Election Odds Swing in Trump’s Favor on Polymarket, a Crypto Betting Site

Donald Trump, Elon Musk and CNN have cited election predictions from Polymarket, a betting site where crypto enthusiasts have wagered more than $100 million on who will win the presidency.

Donald J. Trump posted a colorful graphic on social media this week, suggesting that he was headed for victory in the presidential election.

The graphic showed that Mr. Trump had a 64 percent chance of defeating Vice President Kamala Harris next month — a much rosier picture for him than the polls that indicate the election remains a tossup. Mr. Trump’s post was liked more than 10,000 times, as his fans responded with emojis of raised fists and Americans flags.

The election odds cited by Mr. Trump came from a crypto-powered gambling website called Polymarket. Using digital currencies, gamblers on Polymarket have wagered more than $100 million on the outcome of the presidential race, turning the site into the internet betting phenomenon of

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