Bets on US election surge to $12M after ban is lifted with traders predicting narrow win for Trump

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Bets on US election surge to $12M after ban is lifted with traders predicting narrow win for Trump

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More than $12million has been placed on the US election following the lifting of a ban on betting last week, with traders predicting a narrow win for Donald Trump. Trading platform Kalshi, which was victorious in its legal fight against regulators last week, is offering investors the chance to stake up to $100million on the outcome of the November election. Since the platform began taking in bets in the days since the ban was lifted, more than $12million has been taken in.
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