There is a total of 920 million USDC wagered on Polymarket on the outcome of the 2024 US presidential election. The outcome of this bet hinges on the UMA oracle, a token with a total market cap of 179 million USD, less than 20% of the bets at stake.

Source: www.reddit.com/r/CryptoCurrency/s/H6h1vqM2vy

Sounds kinda risky ngl