Polymarket’s Presidential Election market just hit $2 billion in trading volume.

Polymarket is an Unusual Whales sponsor and marketing partner. Polymarket traders are currently showing Donald Trump leading in all key swing states. Arizona sees the former president as the strongest favorite, with a 70% to 30% margin, while Michigan is the closest race, with Trump leading by 56% to 44%. These swing states’ electoral votes are expected to be pivotal in determining the final election outcome.

As Trump’s chances of winning the election increase, the financial markets, especially the digital assets space, are paying close attention to the potential impacts. The surge in Trump's odds has been accompanied by significant betting activity on Polymarket.

A notable data analysis suggests that a single entity may have placed a massive $26 million bet on Trump's reelection, with some suggestion manipulation to improve Trump's odds.