Political betting markets are getting cold feet when it comes to committing money to Kamala Harris’s chance of success in November.
The newest method of electoral forecasting is once again warming up to former President Donald Trump, according to polls showing he has surpassed his Democratic opponent among bettors. As of Monday morning, the Republican draws 51.6% of bets versus 47.5% for Harris. The change is notable given Harris led Trump by as much as 3% for most of September. Bettors on Polymarket have staked nearly $1.4 billion on the outcome of the November 5th election.
By volume, Trump draws nearly $335 million in bets predicting he will be victorious while Harris is staked with $266 million in bets. Winners will collect their pots after the race is called by three sources: the Associated Press, Fox News, and NBC. In the meantime, pro-Harris and pro-Trump players will continue duking it out in Polymarket’s commentary section where each side slings barbs at the other or defends their bets.
