Bets on Polymarket on Israel's election results reached about $70 million

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On the popular betting site Polymarket, users bet that Yashar Chairman Gadi Eisenkot has a 56% chance of becoming the next prime minister and Benjamin Netanyahu only 27.5%. A few hours after the polls were published, Netanyahu was already leading and at the same time more than $70 million flowed into this market alone, making it one of the largest political bets ever recorded for a country other than the United States. On the morning before election day, Israeli elections were trading on Polymarket at $54.2 million. A few days earlier, it was already reported that it had crossed the $55 million mark. During the night, trading intensified and the market volume reached about $70.8 million.
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