- Kamala Harris’s chances in the 2024 U.S. election surged on Polymarket, showing increased Harris dominance.
- Donald Trump’s chances of winning dropped from 72% on Polymarket, indicating decreased market confidence.
- Trader “Serus” holds 2,427,229 ($1.31M) of Harris shares on Polymarket, with an unrealized profit of $374,000.
The prediction market Polymarket has raised Kamala Harris’ chances in the upcoming presidential election to 54%. Donald Trump’s placed bets have fallen from 72% to 44% since the bet started, resulting in an increase in Harris’ chances.
Harris Gains Momentum on Polymarket
Kamala Harris’s rise in Polymarket’s prediction rankings indicates growing confidence in her potential to secure the presidency. The sudden surge in her probability from previous lower levels to 54% marks a significant shift in how traders assess her chances. This change could be driven by factors influencing public perception and market sentiment, although the specifics remain unclear.
Through the X platform, Lookonchain noted the difference between the Republican and Democratic members, with Kamala Harris being in the lead according to Polymarket data records in the bets placed.
Meanwhile, Donald Trump’s chances of winning the election have recorded a sharp decline, falling from 72% to 44%. This drop suggests that confidence in Trump’s electoral prospects has waned among Polymarket traders. The reasons behind this decline could be multifaceted, involving legal challenges, shifts in public opinion, or other factors affecting his campaign.
Top Trader Holds Large Stake in Harris
One of the most notable aspects of the current Polymarket standings is the trader, “Serus,” who has emerged as Harris’s largest holder of “yes” shares. “Serus” currently holds 2,427,229 shares, valued at approximately $1.31 million. This position has resulted in an unrealized profit of $374,000, underscoring the financial stakes in prediction markets like Polymarket.
According to Polymarket data at the time of writing, projections shows that Kamala Harris is still ahead of Trump by a 54% while Trump bets are reading at 44%.
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