Thomas Peterffy

As Donald Trump's victory in the US presidential election became clear on Wednesday, the power of political betting sites was also evident.

In the weeks leading up to the election, these betting platforms, which showed that the former president had a much higher chance of winning the election than Kamala Harris, were often questioned because various polls showed that it was a well-balanced election. The result is the betting market.

Since this election is viewed as a referendum on the relative power of polling agencies and platforms, especially in the financial sector, gaming websites will undoubtedly now show an invincible trend driven by the market.

“These markets will dominate the world,” said Thomas Peterffy, billionaire founder of Interactive Brokers. “People often say whatever they want, but in these markets, they bet on the results they think they want, not the results they want. The emotional element all disappeared from these problems.”

A major Republican, Peterffy spent millions of dollars developing a prediction market on Interactive Brokers, providing users with bets on anything from presidential elections to global carbon emissions and first-time jobless claims. A few hours before the vote ended on Tuesday, the platform gave a probability of Trump winning the election of about 62%. In an interview before the election, Peterffy said that the platform is still a long way from becoming profitable. But he said it will eventually happen, and the insights it provides will be invaluable to businesses and governments alike.