Donald Trump Is Now Level With Kamala Harris At 49.5% Election Odds After September Rollercoaster
By Benzinga
Election betting odds for the 2024 U.S. Presidential race have shifted as both Donald Trump and Kamala Harris are now tied at 49% each, according to data from Polymarket.
What Happened: The market for “Presidential Election Winner 2024” shows Donald Trump and Kamala Harris neck-and-neck, with both candidates exactly tied at 49.6% at the time of writing.
The total trading volume for this market has reached $1,182,629,247, with a slightly higher trading volume on Trump at $227,554,157, compared to that of Kamala Harris at $224,541,792.
The former President has closed the gap the Vice President opened up following the Sep.10 debate.
Also Read: ‘Save Ross Ulbricht!’ How Donald Trump Got Interested In The Imprisoned Silk Road Founder
How Whales Are Positioned: One of the biggest bettors on Polymarket, “Fredi9999,” has several notable long positions on Trump in various bets.
This trader holds over 7 million shares on Trump winning the 2024 Presidential election, representing an investment of almost $3.5 million. They also bought shares in the following markets:
- 781,918 shares of a Republican to win the state of Pennsylvania, worth $402,687.83.
- 1,649,050 shares of Trump to win the popular vote, worth $391,649.38.
- 554,549 shares of no Democrat winning the state of Pennsylvania, worth $285,592.55.
- 478,464 shares of Kamala Harris not winning the popular vote, worth $117,462.85.
In total, the trader has so far invested $5 million in various election bets.
In contrast, another prominent trader, “markitzero,” is heavily invested in Kamala Harris.
This trader holds 4.59 million shares of Kamala Harris winning the election, valuing their position at over $2.26 million. They also bought shares in the following markets:
- 2,428,389 shares of Trump not winning, worth $1,225,122.42.
- 240,822 shares of a Democrat winning the state of North Carolina, worth $102,349.28.
- 179,638 shares of a Democrat winning the state of Georgia, worth $67,364.14.
In total, this trader has punted over $4 million in election-related bets.
The crypto-based prediction market platform Polymarket will be in competition with Kalshi, which received approval from the CFTC to resume election betting contracts.
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Image: Shutterstock
