CandleFocus Trump’s lead over Harris widens, but is Polymarket accurate?
2024-10-11
Author: Content Editor
Donald Trump currently holds a 55.3% probability of winning the U.S. presidential election on Polymarket, a prediction market. This is the largest gap between Trump and Kamala Harris since Harris entered the race, indicating increasing bets on Trump's victory. Polymarket has gained traction this election season, with users placing large wagers on current events. However, experts question the reliability of Polymarket's predictions, as many crypto bettors lean right politically, potentially skewing the odds in Trump's favor. Polymarket is also not allowed in the U.S. due to regulatory restrictions. Despite a recent legal victory in favor of prediction markets, concerns remain about their impact on public confidence in elections.
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