How To Bet On The 2024 US Presidential Election in the USA

It’s Election Day! The United States Presidential Election is taking place today (Tuesday, November 5th, 2024). Joe Biden decided not to accept the Democratic nomination in mid-July, endorsing Vice President, Kamala Harris as the Democratic nominee. Donald Trump is once again the nominee for the Republican party, so this election is a battle between Trump and Harris.

On this page we explain the options Americans have for betting on the election, look at the odds and the other bets that can be made, and finish with a step by step guide.

Where Can Americans Bet On The 2024 Presidential Election?

Election betting is treated differently than sports betting in the United States. Here are the main options.

Licensed Sportsbooks

No US state allows its licensed sportsbooks, such as DraftKings, FanDuel and BetMGM, to take bets on elections, so these markets are not available at state-licensed sportsbooks.

Prediction Markets

Prediction markets such as Kalshi and Polymarket let you buy and sell contracts on election outcomes. Instead of betting against a sportsbook, you trade with other users, and the price of a contract reflects the market’s view of how likely an outcome is. These platforms operate under federal oversight from the Commodity Futures Trading Commission (CFTC), and the markets they list and the states where they are available can vary.

Offshore Sportsbooks

Offshore sportsbooks offer a wide range of political betting markets and accept bets from across the country. They are not licensed or regulated by any US state, which means Americans who use them have no state regulator to turn to if there is a dispute over a bet or a withdrawal.

US Presidential Election Odds

Here are the odds for the 2024 United States Presidential Election (taken November 5th, 2024, the morning of Election Day):

Donald Trump is a favorite to become the next President of the United States heading into election day. Trump’s odds of -165 indicate an implied probability of 62.3% that Trump wins the election. Kamala Harris has odds of +145, which implies a probability of 40.8% that Harris wins the election.

These odds will continue to change throughout election day, until a winner is announced.

In addition to betting on the future President, you can also wager on the winning party, the popular vote winner, over/under’s on Electoral College Votes for both parties, Electoral College Winner in various states, Electoral College winning margin, popular vote winning margin, and much more.

How To Bet On The 2024 US Election From USA – Step By Step

Whichever option you choose, the process of getting started is similar. Here’s a general guide.

Step 1. Choose Your Option

Decide which type of platform fits how you want to bet. Prediction markets are the regulated way to trade on election outcomes in the US, since licensed sportsbooks do not offer them. Review the options above before signing up.

Step 2. Check The Age and Location Rules

Every platform has its own eligibility requirements. Most prediction markets require you to be at least 18 and will confirm your identity and location when you sign up.

Step 3. Create and Verify Your Account

Sign up with your legal name, date of birth and address. Regulated platforms are required to verify your identity, so you may be asked for the last four digits of your Social Security number or a photo of your ID.

Step 4. Fund Your Account

Deposit using one of the platform’s payment methods, which commonly include debit cards and bank transfers. Check how withdrawals work, and how long they take, before you deposit.

Step 5. Find The Market and Place Your Bet

Navigate to the politics or elections section, select the market you’re interested in, and choose your position. Before confirming, check the price or odds and how much you stand to win.

Step 6. Set Limits

Decide on a budget before election day and stick to it. Most regulated platforms let you set deposit and time limits in your account settings. If betting stops being fun, help is available 24/7 by calling 1-800-GAMBLER.

If you’re new to betting I would suggest reading through some of the beginner articles on our betting guide page.

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