Summary
TLDR: A contract on the outcome of the 2024 Presidential election has over $110.8 million staked in a crypto-based prediction market. Shares for Biden winning rose to 45 cents while shares for Trump dipped to 45 cents, indicating a 45% chance of winning for each candidate.
Key Points
1. The contract for betting on the outcome of the 2024 Presidential election has over $110.8 million staked, making it a record for crypto-based prediction markets.
2. Shares for Biden winning rose by 1 cent to 45 cents, while shares for Trump dipped by a penny to 45 cents, indicating that each candidate now has a 45% chance of winning according to the market.
3. A share pays out $1 if the prediction turns out correct, making it a popular and potentially lucrative market for bettors.