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A Mystery $30 Million Wave of Pro-Trump Bets Has Moved a Popular Prediction Market


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Posted (edited)

Polymarket is just one betting site where Trump outperforms Harris by far. You got nothing

 

https://www.realclearpolling.com/betting-odds/2024/president

 

image.png.7b78b31c547ef4d32d07be02b524cacb.png

 

https://www.forbes.com/sites/dereksaul/2024/10/17/trumps-polymarket-odds-top-60-how-election-betting-markets-differ-from-polls/

 

The nascent election betting market landscape is not the only financial instrument moving toward a Trump victory. Shares in Trump Media and Technology Group, the Truth Social’s parent company primarily owned by Trump, are up 86% in October, with the low-revenue social media company’s stock movement often viewed as a proxy for Trump’s election odds. And “you can see” evidence in the broader stock market that investors are “very convinced Trump is going to win,” billionaire hedge fund manager Stanley Druckenmiller told Bloomberg Thursday.

Edited by CallumWK
  • Haha 1
Posted
Just now, Chomper Higgot said:

Which probably relates to why you don’t have $30million.

Im not gonna take offense to that. I dont know why anyone with 30 million would post on a forum about thailand

  • Haha 1
Posted
1 hour ago, herfiehandbag said:

Really?

 

Massive bets placed in imaginary currency with a virtual bookmakers,

all of which can be wiped away with a click of the mouse!

 

So you decide to ignore the results of the other 7 betting platforms, simply because the OP can build a conspiracy theory on the 8th ?

  • Haha 1
Posted
4 minutes ago, CallumWK said:

 

So you decide to ignore the results of the other 7 betting platforms, simply because the OP can build a conspiracy theory on the 8th ?

Has anyone investigated those betting platforms? Is DJT a heavily traded stock?

  • Like 1
Posted

My understanding is that the odds are set to balance the books. If too many bets go on one side, the OTHER side gets more attractive odds to encourage betting.

 

It's not predictive

  • Like 1
Posted
2 hours ago, pedro01 said:

My understanding is that the odds are set to balance the books. If too many bets go on one side, the OTHER side gets more attractive odds to encourage betting.

 

It's not predictive

It's surprising how many gamblers don't understand how the betting odds are established.

Posted
8 hours ago, bendejo said:

If I had $30 million I wouldn't think about gambling.

 

 

If you were someone like, say, Putin or Musk, 30 mil is not exactly a huge amount of money.

Posted
On 10/20/2024 at 7:08 AM, mdr224 said:

If i had 30 million dollars id put it on trump winning too

mdr if I had 30 million I'd toss you for it !

  • Like 1

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