Israeli Election Bets on Polymarket Reach $70 Million
Translated & summarized from Ynet by baba
Wagers on the Israeli elections on the Polymarket betting site reached approximately $70 million, one of the largest political bets outside the U.S. Early on election day, bets totaled $54.2 million, surging to $70.8 million by the end of the night. Users had predicted Gadi Eisenkot had a 56% chance of becoming prime minister, but Benjamin Netanyahu was leading after exit polls were released.
The story in 5 lines · by baba
- Israeli election bets on Polymarket reached approximately $70 million.
- The market volume surged to $70.8 million by the end of election night.
- Users initially predicted Gadi Eisenkot had a 56% chance of becoming prime minister.
- Benjamin Netanyahu was leading after exit polls were released.
- This represents one of the largest political bets on a country outside the U.S.
The popular betting website Polymarket saw users wager approximately $70 million on the outcome of the Israeli elections, making it one of the largest political bets ever placed on a country outside the United States. Early in the election day, wagers on the Israeli elections on Polymarket had reached $54.2 million. A few days prior, the market had already surpassed $55 million. Throughout election night, trading intensified, with the market volume reaching about $70.8 million. Users on the platform had predicted a 56% chance for Gadi Eisenkot, Chairman of Yesh!, to become the next prime minister, while Benjamin Netanyahu was given only a 27.5% chance. However, hours after exit polls were published, Netanyahu was already leading.
