Here’s Who’s Likely To Be Elected U.S. President According To Polymarket Betting Odds
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August 1, 2024 10:51 am
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Polymarket, the crypto betting platform, has President Trump leading Vice President Kamala Harris in betting odds.
Currently, Polymarket has the likelihood of Trump winning the 2024 presidential election at 55%.
Meanwhile, Kamala Harris is sitting at 43%.
Surprisingly, Michelle Obama sits at 1%, and in fourth place is Robert F. Kennedy Jr.
Take a look:
Per Crypto Slate:
Kamala Harris’s odds surged to 45% on Polymarket following Donald Trump’s appearance at the National Association of Black Journalists (NABJ) panel. Polymarket, the prominent crypto betting platform, has seen a significant influx of wagers due to the turbulent US presidential election, prompting the platform to upgrade its infrastructure. According to Bloomberg, the platform added MoonPay to handle the increased volume of bets and open on-ramps into crypto.
Polymarket’s US elections bet volume has hit $467 million, up from $364 million last week, reflecting heightened interest in the Trump vs. Harris race. The platform allows users to bet on various outcomes, including the US presidential election, and has attracted significant attention recently due to Harris’s likely Democratic nomination and an assassination attempt on Trump. Despite Harris’s recent gains, large-scale bettors on Polymarket still overwhelmingly favor Trump, who retains a significant lead with a 55% chance of winning the election.
However, Trump’s lead has been cut massively from 60% over the past 24 hours and a high of 72% on July 16. Similarly, Harris’ chance opened at just 37% on July 31 before rising to 43% as of press time, her highest chance since joining the race. The last time the Democrats had such a high price per share on Polymarket was May 16, when Trump accepted the debate with Joe Biden, leading to a surge in bets in Trump’s favor.
Trump is also the favorite to win 4 out of 6 swing states against Kamala Harris.
Take a look:
Trump is the favorite to win 4/6 swing states against Kamala Harris. pic.twitter.com/Vn7tam9PsE
— Polymarket (@Polymarket) July 31, 2024
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