Kamala Harris' Odds Hit Record High Against Trump in Betting Market

August 02, 2024
Kamala Harris' Odds Hit Record High Against Trump in Betting Market
  • Kamala Harris' Odds Surge Against Trump in Betting Market

In the betting markets, Kamala Harris's chances of winning the 2024 presidential contest have soared to an unprecedented height. Harris's chances have increased to a new height as the election season heats up, even surpassing those of her opponent, Donald Trump, on some platforms.

According to sources, Donald Trump previously contributed to Kamala Harris' reelection campaign.

Harris now has a 45% chance of winning the election, compared to Trump's 54%, according to Polymarket. With 4 cents on PredictIt on Wednesday, the vice presidential candidate overtook the Republican contender.

Since Kamala Harris jumped into the presidential race with full backing from President Biden and Democratic donors, Donald Trump's road to winning has gotten a lot more tricky. Based on the latest guesses from Polymarket, Trump is seen as the favourite to win important battleground states like Nevada, Arizona, Georgia, and North Carolina, with a predicted chance of 54%. On the other hand, Harris is leading in Pennsylvania, she's tipped to win the election with a 45% chance.

According to Benzinga, Kamala Harris' increasing popularity is attributed to her campaign's successful efforts to connect with the tech community in Silicon Valley. Her team has managed to attract the attention of Bitcoin advocate Mark Cuban and is even considering a speaking appearance at Bitcoin 2024. Discussions with industry leaders such as Ripple, Coinbase, and Circle are also underway. “Despite being an underdog in prediction markets, Harris is gaining support from tech elites.”

In the contest for the next US president, wagers for Kamala Harris surpassed those on Donald Trump on PredictIt on Wednesday afternoon. According to the Independent, a wager on Harris was valued at 54 cents as of Thursday morning, while a wager on Trump was valued at 50 cents.

It appeared that Harris was gaining ground despite the chaotic market, which was encouraging for Democrats who had previously had trouble with Biden. PredictIt data indicates that 31,375 bets were placed on Harris to win on Thursday, while 25,985 were placed on Trump.