Crypto gamblers who enjoy political betting have placed nearly $600 million on the outcome of the 2024 U.S. presidential election. With Donald Trump emerging as the favourite among many bettors. Users on various crypto betting platforms have wagered more than $592 million, with a significant portion backing Trump’s bid for the presidency. Despite Vice President Kamala Harris being considered the frontrunner by many political analysts, crypto bettors are increasingly confident in a Trump victory.
Trump’s Betting Odds Outshine Harris
The current betting odds on these platforms reflect a competitive race. Trump has more than $74.6 million in bets, giving him a 45% chance of winning, according to live polling data. In contrast, Vice President Kamala Harris has a 53% likelihood of victory, but the amount wagered on her success trails behind Trump, with bettors placing only $64.8 million on her chances.
This shows an interesting difference between what political experts predict and what people in the crypto betting world think. The fact that there’s almost $10 million more bet on Trump than on Harris suggests that many crypto bettors strongly believe Trump might win the presidency again in 2024.
Popular Sportsbooks Enter the Political Betting Arena
In addition to these crypto platforms, several well-known sportsbooks are seeing a surge in political betting. Platforms like Duelbits and BC.GAME have expanded their offerings to include various political events, including the upcoming U.S. election. These platforms allow users to place bets on a range of outcomes, from the next president to specific state results, further fuelling the excitement around political betting.
Elon Musk Influencing Betting Markets
The influence of key figures like Elon Musk on the political landscape is also noteworthy. Trump recently engaged in a live conversation with Musk on X (formerly Twitter), though he made few references to cryptocurrency during the discussion. Musk, who has a history of engaging with politicians from both parties, has shown a keen interest in the election, adding another layer of intrigue to the betting markets.
The High Stakes of the 2024 Election
As the 2024 election approaches, the growing intersection of cryptocurrency and political betting continues to capture the attention of gamblers and political enthusiasts alike. With nearly $600 million already wagered and the odds shifting regularly, the outcome remains uncertain, but the stakes are higher than ever.
Our Recommended Sportsbook for Political Betting is Duelbits
Liquid Gaming N.V. owns and operates Duelbits, an online gambling platform launched in September 2020. From what we know, Duelbits is the only brand managed by this company. When it first launched, it gained attention in the industry with its frequent rewards, offering up to $10,000 per day. The name “Duelbits” comes from its dice duels, and the platform aimed to impress gaming fans with a fast website featuring high-quality, provably fair games.
In December 2021, Duelbits expanded by adding a sports betting section, quickly gaining popularity in the crypto sportsbook world. By August 2022, Duelbits partnered with the English Premier League club Aston Villa as a domestic game sponsor and later teamed up with the World Snooker Tour. Before these partnerships, Duelbits had already signed a deal with the Argentine national football team.
Duelbits is also known for sponsoring eSports organizations and has its own in-house developed sportsbook. The platform is licensed by the UK Gambling Commission (UKGC) in Britain through a partnership with TGP Europe. It also holds a Gaming Curacao license for international users. The site is available in eight languages, accepts eleven cryptocurrencies and fiat gift cards. It also offers a wide variety of betting markets for users to enjoy.
Duelbits Welcome Bonus
Duelbits offers a welcome bonus of 100% up to $100 in free bets. To unlock this bonus, you need to bet the amount of your initial deposit five times. For example, if you deposit $100, you’ll need to place $500 worth of bets to receive the $100 in free bets. The minimum odds for each qualifying bet must be -200/1.5, and you’ll need to place at least four bets to be eligible for this promotion.
Duelbits also allows users to bet on a variety of markets. These include political events like the U.S. presidential election, adding an extra layer of excitement for bettors interested in more than just sports.
If you sign up using our link below, you’ll get an even better deal with an additional 50% Rakeback. We recommend taking advantage of this offer for extra value on your bets.
Duelbits
Place Political Bets Online at Duelbits Sportsbook and Casino