By contrast, the industry leader Polymarket prohibits U.S traders from the platform but does not require a know-your-customer process to validate who is who. Polymarket's bets are denominated in cryptocurrency, whereas Kalshi's are settled in regular dollars.

Roughly 60% betting odds does not equate to a 60% to 40% lead for Trump in polls, but rather indicates election bettors expect Trump to win about 60 out of 100 election si

Over the past two weeks, the chances of a Trump victory in the November election have surged on Polymarket, a crypto-based prediction market. Its bettors were giving Trump a 62% chance of winning on Thursday, while Harris’s chances were 38%. The candidates were in a dead heat at the start of October.