US Election Crypto Betting Odds & Sites: Your Guide to Election Wagering With Crypto in 2024

Is it Legal to Bet on the US Election?

If you are in the United States, we have some bad news. Most states don’t permit gambling, and as far as specifically betting on elections, the US banned the practice a long time ago.

Recent court rulings  (which we’ll discuss) have brought some changes, but the situation remains unclear.

You may find that some of the top bookmakers recommended on this page offer betting on the 2024 US presidential election. However, if you try to place wagers from any location within the US, there’s a strong likelihood that you’re breaking the law. Therefore, we must warn you that you’re proceeding at your own risk.

Outside the US, most countries that allow online betting have no rules against election betting in general. If you live abroad, you may be able to access the betting markets offered by our partners, but always check your local laws on online gambling, crypto betting, and election wagering.

Why Is It Legal to Bet on Polymarket, Other Prediction Markets and Crypto Platforms in the US?

The longstanding U.S. ban on election betting may be easing. In September 2024, a federal judge in Washington ruled against the Commodity Futures Trading Commission (CFTC) , which had blocked election-betting derivatives markets for years due to legality concerns.

Although an appellate court temporarily froze these markets, a panel of judges soon rejected the CFTC’s request to extend the freeze through the appeal process.

Then, on October 2, 2024, a federal appeals court lifted the injunction  preventing Kalshi, a financial exchange startup, from offering contracts on Senate and House election outcomes.

Kalshi quickly launched over two dozen markets for the 2024 presidential election, followed by brokerage giant Interactive Brokers, which introduced the first regulated election betting markets after the ruling.

While the CFTC continues to contest the court’s decision, this recent series of rulings indicates potential shifts in U.S. election-betting regulations.

Prediction market giant Polymarket, the world’s largest, has also benefited from the court’s decision. To date, over $2 billion has been wagered on the US presidential election on its platform.

However, since election betting from within the US remains illegal, Polymarket is ensuring that its bets are placed by users outside the country .

This is certainly a complex issue, as the line between prediction markets like Polymarket and traditional bookmakers isn’t always clear. But remember, even Polymarket is technically off-limits to US residents.

Best Election Betting Sportsbooks

If you live outside the United States, consider these top-notch sportsbooks offering the best election crypto betting odds: Jackbit , Wild.io , Vave , Crypto Games , ThunderPick , Bets.io , Sportbet.one , TrustDice , BetPlay  and BetWhale 

Filters (0)

Disclosure

We sometimes use affiliate links in our content, when clicking on those we might receive a commission at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.

Filters

Crypto Accepted

No result

• Reset
• Apply

There is no casinos matching your filter. Please try changing it.

#1

Jackbit

4.03 / 5

Opened in 2022

promotions

100% of the first bet amount back + Rakeback up to 30% + 100 Freespins

Coins

11

Go to Site Read Review

#2

Wild.io

4.19 / 5

Opened in 2022

promotions

Up to 10000 USD Welcome Package + 300 Free Spins

Coins

5

Go to Site Read Review

#3

Vave

4.49 / 5

Opened in 2022

promotions

Up to 1 BTC Welcome Package

Coins

86

Go to Site Read Review

#4

Crypto Games

4.09 / 5

Opened in 2023

promotions

Up to 20000 USDT Welcome Package

Coins

5

Go to Site Read Review

#5

ThunderPick

4.87 / 5

Opened in 2017

promotions

Up to 2000 EUR Welcome Package

Coins

6

Go to Site Read Review

#6

Bets.io

4.48 / 5

Opened in 2021

promotions

Up to 1 BTC Welcome Package + 100 Free Spins

Coins

505

Go to Site Read Review

#7

Sportbet.one

3.91 / 5

Opened in 2018

promotions

125% up to $1000 • 10x rollover on sports

Coins

1

Go to Site Read Review

#8

TrustDice

4.23 / 5

Opened in 2018

promotions

Up to 90000 USD Welcome Package + 25 Free Spins

Coins

8

Go to Site Read Review

#9

BetPlay

3.95 / 5

Opened in 2020

promotions

Up to 50000 MBC Welcome Package

Coins

7

Go to Site Read Review

#10

BetWhale

3.80 / 5

Opened in 2023

promotions

Up to 1250 USD Welcome Package

Coins

6

Go to Site Read Review

US Presidential Election Crypto Betting Odds - Who Is the Favorite?

Currently, Donald Trump is a slight favorite, although polls suggest the race remains tight. Harris was briefly the favorite due to the early momentum of her fast-paced campaign, but now bettors are leaning towards a second Trump term.

Here are the election crypto betting odds on some well-known US sportsbooks*:

*Odds last updated on November 5, 2024.

How Have the Election Odds Changed?

This election has been full of surprises, with major events shacking up the betting markets and impacting the election crypto betting odds. Initially, Trump’s participation in the 2024 election seemed uncertain, leading to relatively long odds. However, once he secured the Republican nomination, bettors began to favor him.

By late 2023, Trump was still considered the underdog, but his odds improved as 2024 progressed. By the end of January 2024, he reached odds-on status with many bookmakers.

A strong spring was followed by Biden’s poor debate performance in June, which resulted in a significant shortening of Trump’s odds. An assassination attempt in July pushed them even further.

Harris, meanwhile, wasn’t even on most bettors’ radars, as many expected Biden to seek re-election. But when Biden stepped aside, Harris’s odds improved drastically.

After a strong campaign start in August, she briefly overtook Trump as the favorite, but recent betting trends have shifted back in favor of the former president.

How Does the US Election Work?

In the United States, voters in each state and the District of Columbia select electors for the Electoral College, which ultimately decides the presidency.

Each state has a set number of Electoral College (EC) votes, and in most states, the candidate who wins the popular vote receives all the EC votes for that state (with the exception of Maine and Nebraska).

There are 538 total electors, and a candidate needs 270 electoral votes to win. This system means the candidate with the most overall votes doesn’t always win.

On five occasions, the winner has had fewer total votes than their opponent but received more electoral votes. The last time this happened was in 2016 when Donald Trump lost the popular vote but defeated Hillary Clinton and won the presidency through the Electoral College.

Certain states, known as ‘red’ (Republican) or ‘blue’ (Democratic), consistently favor one party. For instance, Texas has voted Republican since 1980, while New York has been a Democratic stronghold since 1984. The real battlegrounds are the 'swing' states, where either party can win.

When Will We Know the Winner?

The election takes place on November 5, but several states, including Arizona, California, Florida, Illinois, and Maine, allow early voting.

In many cases, the outcome is known by the end of election night, although exceptions do occur, like the 2020 election when it took a few days to count all the votes. If the race is as close as expected, recounts and legal challenges could delay the final verdict.

After the election, electors cast their official votes by December 17. Congress will then count the votes on January 6, 2025, with either Donald Trump or Kamala Harris inaugurated on January 20.

For further details on the electoral process and key deadlines, check out the National Archives Electoral College guide .

Key Election Details

Here’s a quick rundown of the most relevant 2024 US Presidential election details:

How to Follow the American Election Live?

The US presidential election, often viewed as the most significant democratic election in the world, is broadcast globally.

Trump’s fame and the close race suggest record viewership is likely. Interestingly, the percentage of Americans who tune into election night coverage has decreased over the years. Data from Nielsen showed that only 31% of households tuning in for the 2020 election compared to almost two-thirds in the 1960s .

In the US, major networks like NBC, CNN, Fox, and ABC will provide extensive coverage. International viewers can follow along through major news outlets like the BBC and Sky News in the UK.

Additionally, streaming services such as YouTube TV and FuboTV also offer live election coverage from U.S. networks.

When Is the US Election?

While early voting has already begun, the election officially takes place on Tuesday, November 5.

Who are the Presidential Candidates?

Let’s take a closer look at each candidate to better understand their backgrounds, policies, and what they bring to the American electorate.

Who is Donald Trump?

Perhaps the most famous person ever to run for the American presidency, Donald Trump is participating in his third consecutive presidential election.

Born in Queens, New York City, in 1946, Trump attended the New York Military Academy at a young age. In 1968, he graduated from the Wharton School of the University of Pennsylvania with a Bachelor of Science in Economics.

His first entry into Forbes' list of wealthy people occurred in 1982 due to his share of his family’s large net worth. However, Trump began his business career back in 1968 when his father employed him at Trump Management, a real estate company.

It was in this niche that Trump gained fame and notoriety, making a series of high-profile acquisitions, including the Commodore Hotel and the Plaza Hotel.

Trump was also heavily involved in the casino industry, opening Harrah’s at Trump Plaza in Atlantic City in 1984 and buying the Trump Taj Mahal in 1988.

Throughout his decades-long business career, Donald Trump has made a huge number of moves, some more successful than others.

One of his biggest skills is marketing the Trump name, which has helped expand his empire and offset losses endured in other ventures.

Trump the Politician

It’s fair to say that Donald Trump didn’t pledge his allegiance to any one political party for a long time.

Many assume that his first entry into politics was in 2016, but in 1987, he placed large ads in various papers, discussing his foreign policy views. He even requested to be considered as George H. W. Bush’s running mate for the 1988 presidential campaign, though Bush declined.

Trump's fame undoubtedly played a role in his surprising victory in the 2016 Presidential Election. Trump had made numerous cameo appearances in movies and TV shows from the mid-1980s to the early 2000s. His stints on The Apprentice helped solidify his public image.

When Trump announced his candidacy for the 2016 election, most political analysts didn't take him seriously. However, after being named the Republican candidate, he defeated Hillary Clinton despite being a significant betting underdog.

Trump failed to win re-election, losing the 2020 election narrowly to Joe Biden. At that point, many political commentators wrote him off, but once again, Donald Trump silenced his doubters by easily securing the 2024 Republican nomination.

Now, at 78 years of age, he is vying for a second term, and defeat could mean the end of his presidential ambitions.

Biggest Donations

American presidential campaigns are expensive, with the 2020 election costing an estimated $14 billion. The super PACs are political action committees permitted to spend unlimited amounts of funds (which can be donated anonymously) to support a candidate.

Since this is Trump’s third attempt, he is well-versed in campaign financing, with numerous donors supporting him .

Timothy Mellon tops the list, having donated an estimated $172 million to Trump’s campaign, including a single $50 million donation in May . Miriam Adelson, widow of businessman Sheldon Adelson, has contributed over $130 million. Billionaire Elon Musk has also backed Trump, contributed an estimated $75 million  through a super PAC he started.

Best-Known Endorsements

Endorsements are crucial  in any presidential race. Here are a few prominent figures who have backed Trump:

• Danica Patrick (Former NASCAR Driver): Described Trump as the “rational, reasonable choice.”
• Robert F. Kennedy Jr. (Former Independent Presidential Candidate): After suspending his campaign, he endorsed Trump, citing foreign policy and free speech as key reasons.
• William Barr (Former U.S. Attorney General): Endorsed Trump in April 2024, stating: “Between Biden and Trump, I will vote for Trump because I believe he will do less damage over the four years.”
• Elon Musk (CEO of Tesla Motors): Shortly after the attempt on Trump’s life, he said, “I fully endorse President Trump and hope for his rapid recovery.”

Who is Kamala Harris?

Born in Oakland, California, in 1964, Vice President Kamala Harris is bidding to succeed where Hillary Clinton failed, by becoming the first-ever female president of the United States.

Already, she holds the distinction of being the first female, first Asian American, and first African American vice president, and she is currently the highest-ranking female official in US history.

Harris earned a degree in political science and economics from Howard University in 1986 and later attended the Hastings College of the Law, where she graduated with a Juris Doctor in 1989.

Before her rise to the vice presidency, Harris was best known for her work as a prosecutor in California. In 2002, she demonstrated strong campaign skills by easily winning the District Attorney election in San Francisco.

She ran unopposed in 2007, securing a second term, and held the position until being elected as California's attorney general in 2010. She was re-elected in 2014.

Harris the Politician

Harris’s major political breakthrough came in 2016 when, backed by endorsements from President Barack Obama and Vice President Joe Biden, successfully ran for the US Senate seat and won the election.

Harris first sought the presidency during the 2020 Democratic primaries but withdrew due to a lack of funds, endorsing Joe Biden in March 2020. By August, Biden announced Harris as his running mate, and together they narrowly defeated Donald Trump in the 2020 election.

As vice president, Harris became the leading candidate for the 2024 election after President Biden suspended his re-election campaign in July 2024. Alongside her running mate, Tim Walz, Harris has closed the gap in the polls, but the race remains tight, with Harris currently considered a slight underdog.

Biggest Donations

While her opponent has received some huge donations from billionaires, Harris’s campaign has taken a different approach, with significant success. By early October, her team had raised over $1 billion , with more than 600,000 contributors making recurring donations.

However, she has also received her share of substantial donations. For example, it’s widely believed that Bill Gates donated $50 million  to a non-profit supporting Harris, although he has not publicly endorsed her.

Additionally, Michael Bloomberg, the former mayor of New York City, has donated at least $19 million.Other major contributors include George Soros and Chris Larsen, a crypto billionaire.

Best-Known Endorsements

Although she may not be as well-known as Trump, Harris has garnered several high-profile endorsements. Here are some of the most significant:

• Barack and Michelle Obama: In a statement made in July 2024, the former President and First Lady said: “We agree with President Biden, choosing Kamala was one of the best decisions he’s made. She has the resume to prove it.”
• Mark Cuban:  The businessman and TV personality praised Harris as “not an ideologue”, calling her “far more stable” and “open-minded” than Trump.
• Bruce Springsteen: The musician posted an Instagram video supporting Harris and Walz, praising their commitment to “a vision of this country that respects and includes everyone.”
• Taylor Swift: The pop star endorsed Harris on Instagram, saying, “I’m voting for @kamalaharris because she fights for the rights and causes I believe need a warrior to champion them.”
• Hillary Clinton: During the Democratic National Convention (DNC), Clinton said: “Kamala cares about kids, families and cares about America. Donald only cares about himself.”

Comparing the Candidates

With significant differences in age, ethnicity, gender, and political ideology, it’s safe to say that Trump and Harris are among the most contrasting candidates in US presidential election history.

Here’s a closer look at their profiles:

What are US Election Prop Bets?

While the ‘Election Winner’ market will attract most of the attention, several interesting proposition (prop) bets can also be made, especially in the context of election crypto betting odds.

A prop bet is a wager related to an event but not necessarily tied to the final outcome. For example, a candidate could win the popular vote but lose the election.

Prop bets add even more excitement to an already captivating election. They offer opportunities to place wagers at varying odds, such as predicting whether the election will result in a landslide victory.

Some popular prop bets include:

• Popular Vote Winner
• Electoral College Votes
• States Won
• Vote Percentage
• Individual State Races

We’ll explore each of the above in more detail shortly, but first, it's important to note that the contest between Trump and Harris contest isn't the only race to watch.

Other Election Betting Options

While the presidential election will be the focus for many, other significant political events are happening, offering a variety of election crypto betting odds. For example, bettors can wager on the Senate and House of Representatives races.

Currently, the Democratic party is favored to maintain control of the Senate, while the Republican party is slightly favored to control the House of Representatives.

Some betting sites may also offer markets for individual Senate and House races, allowing bettors to wager on these crucial contests.

Is Live US Election Betting Allowed?

Given the level of interest in the 2024 United States presidential election, you can expect quite a few of the best crypto betting sites to offer in-play markets with competitive election crypto betting odds.

As the state results come in, odds on different outcomes will fluctuate, especially in battleground states. For instance, Trump is strongly favored in Georgia, but if Harris wins, Trump’s odds for a national victory could drift significantly.

If you’re preparing for a long night of election coverage, make sure you have your statistics ready and stay updated on the latest developments, especially if you plan to place live bets.

Popular Election Betting Markets

Let’s now explore some common betting markets in depth, focusing on the election crypto betting odds available.

Popular Vote Winner

This is a straightforward market in which you predict which candidate will win the most votes overall.

The Democratic party has won the most popular votes in the last four elections, with George W. Bush being the last Republican to earn the most votes in 2004.

Harris is currently the strong favorite to win the most popular votes despite being the underdog in the election.

Electoral College Votes 

As you now know, 270 is the magic number, but there are other ways to wager on the Electoral College voting system.

Most crypto betting sites will offer different groupings, and you have to decide whether a candidate will end up with a total that falls within the range. For instance, you can bet on Harris to win between 240 and 269 EC votes or Trump to win 210 to 239 votes.

There are also spread betting markets where you predict whether a candidate will beat or fail to beat the handicap.

States Won by Candidate/Party

Crypto bookmakers typically provide different groupings for betting on how many states each candidate or party will win. For example, you might bet that Harris will win between 24 and 25 states or that Trump will win between 27 and 28 states.

Additionally, there are spread betting options available for this market, giving you even more chances to take advantage of favorable election crypto betting odds.

Vote Percentage 

In this market, you predict the percentage of votes a candidate will receive and hope it falls within a specified range. For instance, if you believe Harris will get 53% of the votes, you would place a bet in the 50-54.99% range.

While spread betting options are rare in this market, it's worth checking if you're interested in this type of wager, especially when considering election crypto betting odds.

Voter Turnout Percentage

This niche market, which may only be available at select crypto betting sites, involves predicting the percentage of eligible voters who will actually vote.

Similar to other markets, you can place bets based on groupings. For example, if you think 57% of eligible voters will turn out, you would wager on the 55-59.99% range.

Notably, the 66.6% voter turnout in 2020 was the highest since the 1900 election!

State Races

For many political enthusiasts in the U.S., this market presents significant opportunities to bet on the outcomes of individual state races.

While some results are predictable like Harris likely winning California and Trump expected to win Louisiana, swing states such as Pennsylvania and Michigan can offer better betting value.

How to Collect Your Winnings on US Election Bets

Betting on the US Presidential election can be exciting, but knowing how to withdraw your winnings is just as important.

Follow these steps to ensure a smooth, secure crypto withdrawal.

Step 1: Complete Account Verification

Before withdrawing for the first time, some crypto betting sites will require account verification through KYC (Know Your Customer) checks.

Prepare to upload a government-issued ID and a recent utility bill or bank statement for address verification. Completing this step early helps you avoid delays when it’s time to cash out.

Step 2: Access the Withdrawal Page

Log into your account, navigate to the withdrawal or cashier section and select the cryptocurrency you wish to withdraw. Make sure your chosen wallet is compatible with the crypto you’re using for a smooth transfer.

Step 3: Enter Your Withdrawal Details

Input the exact amount you’d like to withdraw and provide your crypto wallet address. Double-check your wallet address, as crypto transactions cannot be reversed.

Many sites also have minimum and maximum withdrawal limits, so verify that your requested amount falls within these thresholds.

Step 4: Review Fees and Processing Times

Crypto withdrawals generally come with lower fees and faster processing times than traditional methods.

However, some platforms may still have small transaction fees or network-based fees, especially during peak activity. Review these details to set accurate expectations for the time and cost of your withdrawal.

Step 5: Confirm and Submit the Withdrawal

Once everything is accurate, confirm and submit your withdrawal request. Most crypto transactions are processed within minutes to a few hours, though network congestion can sometimes cause brief delays.

If your funds haven’t arrived within the expected timeframe, check your site’s FAQ or reach out to customer support.

Step 6: Secure Your Crypto Winnings

Once the funds are in your wallet, protect them by using a secure, private crypto wallet.

Enable two-factor authentication on both your betting account and crypto wallet for an added layer of protection.

Step 7: Track Your Winnings for Tax Compliance

Depending on your location, you may need to declare gambling winnings for tax purposes.

Tracking these details as they come in can make the process easier, and consulting a tax advisor ensures compliance with local regulations.

Election Betting Tips and Strategies

Let’s conclude by outlining a few key strategies that will improve your chances of making accurate predictions.

Don’t Worship the Polls

While it’s essential to pay attention to polls, they should not be your sole guide. Accurate polling has become notoriously difficult in recent US elections, and this upcoming one promises to be similarly unpredictable.

For instance, the New York Times poll shows Harris leading by a few points, while a Wall Street Journal poll of registered voters has Trump ahead by a similar margin.

It’s wise to keep an eye on the polls for emerging trends, but remember not to take the results as absolute truth.

Avoid Giving In To Bias

Politics in the United States, in particular, has become increasingly partisan, with the right-wing/left-wing divide growing wider.

However, this issue of bias isn’t confined to the US. Whether you identify as a staunch Republican or lean more toward the Democrats, there’s a risk of falling prey to bias. This could manifest in many forms, with one of the most obvious being to listen only to viewpoints from "your" side.

Try to seek information from both perspectives and strive to find "politically neutral" sources.

Don’t Follow the Money

Recently, it was reported that Trump has a 63%+ chance of winning the election on Polymarket. One amusing tweet from an economic expert suggested that prediction markets are objective and unbiased, demonstrating a lack of understanding that participants in these markets can also harbor biases.

According to our data, this election is much closer than the 63-37% split indicated by Polymarket, and large wagers may distort the market further.

Avoid assuming a candidate has an easy path to victory just because the betting market favors them. Trump was a significant underdog in 2016, yet he emerged as the victor.

Remember, It’s About the Battleground States

Despite the numerous states involved in this election, the outcome hinges on how candidates perform in the seven battleground states.

Currently, Trump is favored to win in six of those states, with Harris being the very marginal favorite in Michigan. If you assume the odds for each state are accurate, it would logically suggest that Trump is on track to win the election.

However, polls reveal a less than 2% difference in each state, with Harris having slight leads in some.

Social Media Trends

Finally, don’t underestimate the influence of social media on the election. It has long been suggested that Americans' media habits can predict their voting behavior.

Social media is now a primary campaign platform, evident in the number of followers each candidate has across various platforms.

While it remains to be seen whether social media will have as significant an impact as it has in previous elections, we may be witnessing a “preaching to the converted” scenario as support for both candidates solidifies.

However, there is still a sizable percentage of undecided voters who can sway the election, so pay attention to major trends that could pose challenges for either candidate.

For instance, Taylor Swift’s online endorsement likely brought a substantial number of votes to the Harris campaign. Time will tell if it’s enough.

The 2024 US Election: Bet Outside the United States, Vote Inside It!

This promises to be a monumental election. If you live in the United States, betting on the outcome comes with its own risks.

However, if you’re eligible to vote, make sure you’ve registered and make your voice heard, regardless of your political affiliation.

For everyone else, pay attention to the election markets that intrigue you and make your predictions!

Rundown of the Best US Election Betting Sites:

1. Jackbit 
2. Wild.io 
3. Vave 
4. Crypto Games 
5. ThunderPick 
6. Bets.io 
7. Sportbet.one 
8. TrustDice 
9. BetPlay 
10. BetWhale 

About the Author

Patrick Lynch

Patrick is a seasoned writer with over a decade of experience in online gambling, specializing in research-driven content and expertise in statistical data analysis. His deep understanding of the mathematical aspects of casino betting and sports gambling makes his work both detailed and informative. Patrick has contributed to leading platforms like Race Advisor and Football Advisor. With a Master’s Degree in Literature and Publishing, and two completed works of fiction, he continues to pursue his dream of becoming a bestselling novelist.

See more

[email protected] LinkedIn