Bangladesh Parliamentary Election Sees Nearly $3 Million in Trading Volume

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Bangladesh Parliamentary Election with people voting

The Bangladesh National Party (BNP) won a decisive two-thirds majority on Friday in general elections, a result expected to bring stability after months of tumult following the ouster of former Prime Minister Sheikh Hasina in a Gen Z-led uprising.

Latest counts in an election seen as the South Asian nation's first truly competitive in years gave the BNP and its allies at least 212 of the 299 seats up for grabs, domestic TV channels said. The opposition Jamaat-e-Islami and its allies won 70 seats in the Jatiya Sangsad, or House of the Nation.

The election was a major draw Thursday among Polymarket traders with just shy of $3 million in trade volume. 

Polymarket also had a market on the turnout percentage, which was still open as of Friday morning (Bangladesh local time). 

The BNP, which returns to power after 20 years, thanked the people soon after winning a majority in the overnight vote count and called for special prayers on Friday for the nation and its people.   

"Despite winning ... by a large margin of votes, no celebratory procession or rally shall be organised," the party said in a statement calling for prayers nationwide.

  • T.C. Jackson, Gambling911.com

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