The Polymarket service records an increase in Kamala Harris’ chances of winning the US presidential election.
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The Polymarket platform accepts bets on political events. For example, the probability of Joe Biden dropping out of the presidential race was estimated at 23%, but it happened anyway.
Now, one of the main betting topics on Polymarket is whether Joe Biden will remain US President until the end of his term (officially, it expires on January 20, 2025).
Unlike British bookmakers, where professional bookmakers set the odds, at Polymarket the market, i.e. the totality of all bettors, decides. Due to the large number of participants and the turnover of bets, the odds are theoretically more accurate, but collective errors and unforeseen events are possible at any time.
So far, more than $43 million has been bet on Trump, and almost $25 million on Kamala Harris. Thus, the probability of Trump winning is 62%, although a week ago this figure was 70%.
Harris has not yet officially become the Democratic Party’s nominee, though the odds of that happening are 92%.
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.