Kamala Harris's Chance of Winning November Election Hits 54% on Polymarket

IconCryptoNewsTerminal Staff15 Aug, 2024

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Kamala Harris's Chance of Winning November Election Hits 54% on Polymarket

According to CryptoSlate, Democratic vice presidential nominee Kamala Harris's chance of winning the U.S. presidential election in November is at 54% on the decentralized prediction market platform Polymarket, the highest it has ever been. Republican incumbent Donald Trump's chance of winning is at 44%. Polymarket is a decentralized prediction market platform that allows users to bet on the outcome of future events. The platform uses a unique algorithm to aggregate the predictions of its users and create a market price for each event. This market price represents the probability that the event will occur. Harris's chances of winning have been steadily increasing on Polymarket in recent weeks. In early September, her chances were at just 38%. However, following a strong debate performance and a surge in early voting, her chances have now climbed to 54%. Trump's chances of winning have been declining on Polymarket in recent weeks. In early September, his chances were at 52%. However, following a series of gaffes and missteps, his chances have now fallen to 44%. The Polymarket market is still very volatile, and it is possible that either candidate's chances could change significantly in the coming weeks. However, the current market prices suggest that Harris is the favorite to win the election.