Donald Trump Vs Kamala Harris: US Presidential election betting goes LIVE on these platforms. Details here

Donald Trump Vs Kamala Harris: Some traders can now bet as much as $100M on whether Vice President Kamala Harris or former President Donald Trump will become the next US President.

Livemint
Updated5 Oct 2024, 10:12 AM IST
This combination of pictures created on September 6, 2024 shows former US President and Republican presidential candidate Donald Trump (L) in Harrisburg, Pennsylvania, on September 4, 2024 and US Vice President and Democratic presidential candidate Kamala Harris in Maryland on September 4, 2024.
This combination of pictures created on September 6, 2024 shows former US President and Republican presidential candidate Donald Trump (L) in Harrisburg, Pennsylvania, on September 4, 2024 and US Vice President and Democratic presidential candidate Kamala Harris in Maryland on September 4, 2024. (AFP)

Americans can now place wagers worth thousands of dollars on whether US Vice President Kamala Harris or former President Donald Trump will win the US Presidential election set to take place in November this year. As per reports, some traders will now be able to bet as much as $100M on financial exchange startup Kalshi.

Financial exchange startup Kalshi and brokerage giant Interactive Brokers launched trading Friday morning on the first regulated markets. Politico reported. The platform allows wagers on the presidential contest between Vice President Kamala Harris and former President Donald Trump.

Also Read | US Presidential polls: 244 million voters, 7 swing states- what the numbers say

Both companies are also offering trading on whether Republicans or Democrats will control the US House and Senate next year. Interactive Brokers has markets for the Senate races in Ohio, Arizona and Wisconsin, among other swing states, as well.

Steve Sanders, an executive vice president at Interactive Brokers, was quoted as saying that politics is a very hot topic for a lot of people. “So, since the elections are in the news, we think that this could be a catalyst to really get things going," he reportedly said.

 

Also Read | ’I’m All In On Debating Trump Again’, Says Kamala Harris At Nevada Rally

A recent court ruling in Washington, DC, had legalized election betting in the US. According to the Wall Street Journal, Kalshi, a prediction-market startup, and popular trading platform Interactive Brokers had planned to launch markets tied to the upcoming election at 8:15 a.m. ET Friday.

US elections: How does betting work?

Both Kalshi and Interactive Brokers will let you bet on whether Trump or Harris wins the election. In both cases, one can buy contracts that pay off around $1 if your bet is right, or zero if you bet is wrong. In the meantime, their prices fluctuate based on how traders assess the odds of a Trump or Harris victory, WSJ reports added.

Also Read | US Elections 2024: Harris says US immigration system ‘needs to be fixed..’

US elections: Who's leading the betting race?

As on October 4, Harris was leading the presidential race with 51 percent on the betting platform Kalshi. Meanwhile, Trump was neck-and-neck at 50 percent.

Kamala Harris and Donald Trump are entering the final one-month sprint to the most dramatic US presidential election in modern history, with both candidates warning the fate of a divided nation hangs on a result that is still too close to call.

Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:5 Oct 2024, 10:12 AM IST
Business NewsNewsWorldDonald Trump Vs Kamala Harris: US Presidential election betting goes LIVE on these platforms. Details here

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Tata Steel share price

    149.70
    07:18 PM | 1 NOV 2024
    1.05 (0.71%)

    Indian Oil Corporation share price

    145.00
    07:19 PM | 1 NOV 2024
    2.3 (1.61%)

    Tata Power share price

    445.20
    07:19 PM | 1 NOV 2024
    5.15 (1.17%)

    Bandhan Bank share price

    183.65
    07:10 PM | 1 NOV 2024
    1.4 (0.77%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Rainbow Childrens Medicare share price

    1,545.00
    06:59 PM | 1 NOV 2024
    -67.25 (-4.17%)

    ICICI Securities share price

    833.45
    06:59 PM | 1 NOV 2024
    -32.85 (-3.79%)

    Vijaya Diagnostic Centre share price

    966.70
    06:59 PM | 1 NOV 2024
    -30.35 (-3.04%)

    Narayana Hrudayalaya share price

    1,235.60
    06:59 PM | 1 NOV 2024
    -36.75 (-2.89%)
    More from Top Losers

    Brigade Enterprises share price

    1,244.80
    07:19 PM | 1 NOV 2024
    71.75 (6.12%)

    PCBL share price

    432.15
    07:17 PM | 1 NOV 2024
    21.35 (5.2%)

    Piramal Pharma share price

    281.85
    07:17 PM | 1 NOV 2024
    13.45 (5.01%)

    Jubilant Pharmova share price

    1,273.00
    06:59 PM | 1 NOV 2024
    60.65 (5%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      80,565.00-790.00
      Chennai
      80,571.00-790.00
      Delhi
      80,723.00-790.00
      Kolkata
      80,575.00-790.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.92/L-0.06
      Chennai
      101.23/L0.43
      Kolkata
      104.95/L0.00
      New Delhi
      94.77/L0.00

      Popular in News

        HomeMarketsPremiumInstant LoanMint Shorts