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Harris’ election win odds slip to 47% on Polymarket as Trump gains ground

Harris’ election win odds slip to 47% on Polymarket as Trump gains ground

The BlockThe Block2024/09/01 16:00
By:The Block

Quick Take 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.

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

The market saw Trump’s odds of winning surpass Harris’ chances after they reached a tie at one stage on August 26. Before that, Harris had taken the lead over Trump nearly two weeks earlier this month.

The U.S. election results remained the biggest prediction market on the platform, with its volume currently reaching about $777 million.

Last week, Trump launched his fourth NFT trading card series, "Series 4: The America First Collection," which has logged sales of over $2 million . Trump also teased World Liberty Financial, a crypto project two of his sons created. It remains unclear how the project would involve Trump and what services it plans to offer.

At the July Bitcoin conference, Trump promised to fire Securities and Exchange Commission Chair Gary Gensler if elected in November. He also said he’d stop the U.S. from selling its bitcoin holdings and create a “strategic bitcoin reserve.”

Meanwhile, Harris has yet to address crypto directly, but her campaign adviser has said that Harris plans to support measures to help the digital asset industry grow.


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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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