According to recent data from Polymarket, a leading prediction platform. Traders on the site are currently giving Trump a 55.8% chance of securing the presidency, while Harris lags behind at 43.8%. This comes as more than $1.6 billion has been wagered on the upcoming election through the platform.

Trump’s surge in odds comes following President Joe Biden’s decision not to seek another term, which opened the door for Harris to step up as the Democratic frontrunner. This latest development mirrors predictions from another major platform, Kalshi, which recently gained approval to offer U.S. election-based contracts. Kalshi’s current numbers give Trump a slight edge over Harris, 52% to 48%. PredictIt, another well-known prediction market, shows a closer race, with Trump holding a narrow lead of 53% to 52%.

Although Polymarket remains inaccessible to users in the U.S. due to legal restrictions, it’s widely believed that VPN usage allows some to bypass these barriers. In contrast, both Kalshi and PredictIt are open to U.S. participants, offering them a chance to weigh in on the future political landscape.

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