News

• Trump pulled ahead with a 51% chance of regaining the U.S. presidency.
• Traders have placed $99 million in on-chain bets on Trump winning the election, with over $95 million put on Harris.

Election punters on Polymarket are favoring Republican candidate Donald Trump once again as Democrat Kamala Harris’ odds slipped to 47% over the weekend from even odds earlier.

Odds of Trump winning the November elections surged to highs of 71% in July before tumbling to lows of 44% in August as incumbent Joe Biden said he would not contest before Harris was announced as the candidate. Her chances rose to over 55% in early to mid-August to emerge as a favorite.

Harris’ appeal has drifted lower in the past weeks among traders on Polymarket, while Trump’s has gradually climbed back over 50%. He is again in the lead after nearly two weeks of even odds.

Traders have placed $99 million in on-chain bets on Trump winning the election, with over $95 million put on Harris.

Harris’ odds have slipped amid outcry for a proposal to tax unrealized gains for people worth over $100 million. Meanwhile, Trump’s odds have increased as he promotes an upcoming decentralized finance project that could offer “high yields” for crypto users .