Donald Trumps Harris on Polymarket Once Again
Harris led Trump in early August and betting odds reached 50-50 on the marketplace last month but shifted to Trump’s favor over the weekend.
Updated Sep 3, 2024, 9:03 p.m. Published Sep 2, 2024, 8:49 a.m.
- Trump pulled ahead with a 51% chance of regaining the U.S. presidency.
- Traders have placed $99 million in on-chain bets on Trump winning the election, with over $95 million put on Harris.
Election punters on Polymarket are favoring Republican candidate Donald Trump once again as Democrat Kamala Harris’ odds slipped to 47% over the weekend from even odds earlier.
Odds of Trump winning the November elections surged to highs of 71% in July before tumbling to lows of 44% in August as incumbent Joe Biden said he would not contest before Harris was announced as the candidate. Her chances rose to over 55% in early to mid-August to emerge as a favorite.
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Harris’ appeal has drifted lower in the past weeks among traders on Polymarket, while Trump’s has gradually climbed back over 50%. He is again in the lead after nearly two weeks of even odds.
Traders have placed $99 million in on-chain bets on Trump winning the election, with over $95 million put on Harris.
Harris’ odds have slipped amid outcry for a proposal to tax unrealized gains for people worth over $100 million. Meanwhile, Trump’s odds have increased as he promotes an upcoming decentralized finance project that could offer “high yields” for crypto users.
Shaurya Malwa
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA. He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
