From Nasdaq:

Former President Donald Trump is the frontrunner to secure the Republican party nomination in the 2024 presidential election and has strong bets to win the New Hampshire Republican primary. Winning the Iowa caucus with 51% of the vote, Trump has earned 20 delegates in the Republican primary race. Ramaswamy and DeSantis have dropped out and pledged support to Trump.

A cryptocurrency prediction market called Polymarket offers betting on the Republican race in New Hampshire, with Trump listed at 98% chance to win the primary. Bettors can also pick Trump’s winning margin in New Hampshire, with over $4 million in wagers on this race. Trump currently leads Haley by 15 points in a recent Emerson College poll.

Election betting remains closed off to bettors through legalized sportsbooks in the U.S., but platforms like Polymarket are seeing increased attention for political betting. The betting on the 2024 presidential election is at $14.6 million with Trump favored at 54 cents. This market has surpassed the prediction market for Bitcoin ETF approvals.

Trump’s lead and his potential victories in New Hampshire and the overall 2024 election are important as it impacts the dynamics of the Presidential race, and Emerson College poll showing declining momentum for Haley.

The views and opinions expressed are those of the author and do not necessarily reflect those of Nasdaq, Inc.



Read more: Trump To Win New Hampshire GOP Primary In Landslide? What Crypto Bettors Are Predicting