CandleFocus Harris Odds Rise on Polymarket as 'Election Fraud' Allegations Ramp Up Trump Hedge Bets
2024-11-01
Author: Content Editor
The odds of Kamala Harris winning the U.S. presidential election on the Polymarket betting platform have increased from 33% to nearly 39%, while Donald Trump's odds have dropped to 61%. Traders may be hedging their bets by purchasing shares in both candidates. Reports of voting irregularities against Trump could be influencing market bets. This increase in Harris' odds may be attributed to large bets on her and strategic trading to protect against a Trump loss. The Polymarket platform allows users to buy shares in the outcome of predictions, with prices changing dynamically with each trade. The market's low liquidity can result in price swings. Traders have been engaging in large purchases of Harris "yes" shares and Trump "no" shares, with some trades exceeding $10,000. There are arbitrage opportunities for traders participating in different election-based markets.
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