Harris Grows Lead Over Trump in Betting Odds as Election Warms Up
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As of August 12, she has a 52% chance of winning, putting her ahead of Donald Trump for the second time. This is a significant turnaround from June 27, when her chances were just 1% before Biden dropped out.
Harris reached the 50% mark on August 10, and her chances have been boosted further by the recent announcement of Minnesota Governor Tim Walz as her vice-presidential running mate on August 6.
Kamala Harris has experienced a significant boost in betting odds for the upcoming US Presidential election, according to Polymarket.
This prediction market has seen a total of $574 million wagered on the election outcome, underscoring the high level of interest and speculation surrounding this year’s contest. Harris’s rising odds reflect the shifting dynamics and growing attention as the election approaches.
Donald Trump, once associated with Bitcoin and nicknamed the ‘Bitcoin candidate,’ saw his odds of winning the election peak at 72% on July 16.
This surge in his odds coincided with Bitcoin’s rally, which reached $70,000 by July 29 during the Bitcoin Nashville conference. However, both Trump’s odds and Bitcoin’s price have since declined, and the correlation between the two has weakened. Trump is also trailing behind on non-crypto betting sites and prediction markets.
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