The election betting odds were right — yet again. The betting market successfully predicted the 2024 presidential race, calling it in favor of President-elect Donald Trump. Well over $3 billion was bet on the race, including over $2.6 billion on Polymarket alone.

While some have scoffed at the prospect, proponents of betting markets’ predictive prowess were vindicated once again on Tuesday when Trump defeated Vice President Kamala Harris to return to the White House.

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