According to Polymarket data, six bets related to President Biden's status as the Democratic presidential candidate totaled nearly $80 million (excluding specific bets related to the presidency). Of this, $51.5 million was placed on whether Biden would lead the Democratic Party and $27.5 million was placed on whether he would drop out of the race. Earlier today, it was reported that a Polymarket user who bet that Biden would win the Democratic presidential nomination, race and popular vote lost $2 million due to his withdrawal. Another user made a 6,000% profit after betting that Harris would become the nominee.