The Biggest Bets on the 2024 US Presidential Election

Voters will soon head to the polls in the United States, but bettors are already making their opinions known, sometimes with wagers of five, six, and even seven figures. 

The 2024 U.S. presidential election is indeed fast approaching, and the exchanges and sportsbooks that are able to take action on the race are reporting serious action.

While Republican Donald Trump is the favorite to win on Nov. 5, there have been some considerable wagers on his opponent, Democrat Kamala Harris. U.S. election odds continue to move.

So, given the interest among bettors and voters, Covers is keeping track of the biggest wagers reported thus far for the 2024 election.

(See something we should know about? Email me at geoff.zochodne@l1.com.)

Biggest Election Bets

Oct. 29: Bettors hop on the Trump train

Betting markets and polls are showing a big difference of opinion in who will win the White House in a week.

While polls are predicting a near-run thing in either direction, the betting markets are leaning decidedly in Trump's direction.

Case in point: On Tuesday, someone was willing to wager more than $1.2 million at Kalshi that Trump will win the presidential election, and at a price of approximately 63 cents per contract.

Trump's price at the prediction market also hit an all-time high on Tuesday, at 65 cents.

Bettors at Polymarket and Betfair see the situation similarly. The two companies, which cater to customers outside the U.S., projected Trump's chances of winning at around 67% and 65%, respectively, as of Tuesday evening. Those forecasts are drawn from the latest betting odds.

One Polymarket user in particular could be the most confident person on Earth when it comes to Trump's prospects, the candidate excluded. According to reports, a French national has staked around $45 million on Trump winning and Harris losing come Nov. 5. That wager is by far the largest reported to date this election cycle.

All that said, there have been some significant bets made on Harris as well, including around $2.2 million staked by a Polymarket user earlier this month.

Moreover, as Election Day draws nearer, the whales will doubtlessly continue to make a splash.

Where can I bet on the election?

It depends on where you live.

You can bet on U.S. election odds in the Canadian province of Ontario or the U.K. at regulated exchanges and sportsbooks such as bet365, Betfair, DraftKings, and FanDuel. Bettors outside the U.S. are also wagering on the election using Polymarket.

Stateside, it's more complicated. Sportsbooks in the U.S. can't offer election wagering, but exchanges and prediction market operators such as Kalshi, PredictIt, and Robinhood can. Those are your best options for a little legal wagering. 

There's also no need to risk your hard-earned money if you want to have a little fun. Covers is running a free-to-play election pick'em contest for bragging rights and a $500 Amazon gift card. You can sign up for that here.

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