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As the November election approaches, Donald Trump's betting odds have surged significantly, with reports indicating a single trader has placed over $46 million on his victory. This contrasts sharply with national polling, which shows a tighter race against Kamala Harris, raising questions about market manipulation and public perception.
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As the November 5 election approaches, betting platforms like Kalshi and Polymarket have gained significant traction, with over $100 million wagered on the outcome. This shift reflects a growing trend where bettors believe these markets provide more accurate predictions than traditional polls, particularly favoring Donald Trump.
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Following the recent U.S. presidential election, prediction markets like Kalshi and Polymarket have gained attention for their accuracy in forecasting outcomes. Despite fluctuating odds, these platforms have positioned themselves as significant players in political betting, challenging traditional polling methods and reshaping public discourse around elections.
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On November 13, 2024, FBI agents raided the home of Polymarket CEO Shayne Coplan amid a Justice Department investigation into the company's operations. The raid follows Polymarket's controversial role in predicting election outcomes, particularly Donald Trump's recent victory, which contrasted sharply with traditional polling methods.