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News

Polymarket Election Odds Show Harris Slipping to 47% as Trump Gains

September 2, 2024 - Around 2 mins mins to read

Key points:

  • U.S. Vice President Kamala Harris’ odds of winning the November election have dipped to 47%, down from a 50-50 standoff last week.
  • The prediction market for U.S. election results has garnered over $777 million in bets on Polymarket.
Polymarket election odds show Harris at 47%, trailing Trump at 50%. The U.S. election market on Polymarket has reached $777M in volume.
Polymarket Election Odds Show Harris Slipping to 47% as Trump Gains

Polymarket Election Odds Update

On Monday, Polymarket, a decentralized prediction market platform, raised the odds of U.S. Vice President Kamala Harris winning the upcoming presidential election to 47%, while Donald Trump’s odds remained at around 50%.

Trump’s odds have surpassed Harris’s after they were tied on August 26, with Harris previously leading for nearly two weeks earlier in the month. The U.S. election remains the largest prediction market on Polymarket, currently accumulating about $777 million in volume.

Read more: Crypto Supporter Donald Trump to Make the US Crypto Capital of the World

Trump’s Activities and Harris’ Campaign Stance

Trump recently launched his fourth series of NFT trading cards, “Series 4: The America First Collection,” which has generated more than $2 million in sales. He has also hinted at involvement in a cryptocurrency project, World Liberty Financial, created by his sons. During a Bitcoin conference in July, Trump promised to fire SEC Chairman Gary Gensler if elected and proposed creating a “strategic Bitcoin reserve.”

Harris, by contrast, has not directly mentioned cryptocurrencies, although her campaign advisers have indicated support for measures that would help grow the digital asset industry.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Election

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Author

William

In the fast-paced world of day trading, I've honed my skills for over six years using technical analysis tools and crafting short-term strategies. My expertise isn't from textbooks but from the trenches of online trading communities. I excel at reading chart patterns, applying technical analysis, and mastering risk management. "The market is about probabilities," I declare. As Editor at Coincu, I empower readers with the insights and strategies to conquer the dynamic world of day trading.