Polymarket Predicts Trump's Chances of VictoryPlummet by 13% Points

Polymarket Predicts Trump's Chances of VictoryPlummet by 13% Points

Polymarket, a decentralized prediction marketplace, recently released its updated odds on the 2020 United States presidential election. According to the platform, Democratic vice presidential candidate Kamala Harris now has an equal chance of winning the election as President Donald Trump. Trump's odds of victory have dwindled by a significant 13% points since last month, while Harris's have surged by an impressive 34% points. This notable shift suggests that Polymarket traders are becoming increasingly confident in Harris's chances of success. The reasons behind this shift can be attributed to various factors, including the recent Democratic National Convention, where Harris delivered a well-received speech, and ongoing concerns about Trump's handling of the COVID-19 pandemic and economic crisis. It's important to note that Polymarket's predictions are based solely on market sentiment and do not represent any objective analysis or endorsement. However, the platform's track record in accurately predicting the outcome of previous elections suggests that its assessments are worth considering. As the election draws closer, it will be interesting to see how the odds change and whether Polymarket's predictions will hold true.