Donald Trump's odds of returning to the White House have risen to a more than two-month high on Polymarket

Traders give the former president a 55.4% chance to Vice President Kamala Harris' 43.7% on the prediction market site, where more than $1.6 billion has been bet on the November election.

Trump's chances have risen to levels last seen days after President Joe Biden said he would not seek re-election, clearing the way for Harris to take office. Another prediction market, Kalshi, which recently gained permission to quote contracts based on the US election, also shows Trump ahead of Harris: 53% to 47%.

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