Categories: Market Watch

Harris Overtakes Trump in Polymarket After Debate Results

Kamala Harris is now leading Donald Trump in the U.S. presidential race on Polymarket, a decentralized prediction platform. Harris’ chances of winning the upcoming election surged to 50%, just ahead of Trump, who stands at 49%. 

This shift came after a recent presidential debate, where Harris briefly tied with Trump on Polymarket at 49%, but she regained the lead shortly after.

The debate turned into a “sell-the-news” event, causing many to pull back on their riskier bets, as Trump’s performance didn’t impress. This sentiment also affected PredictIt, where Harris’ odds climbed to 56 cents from 53 cents on Monday, while Trump’s fell to 47 cents.

While cryptocy wasn’t mentioned in the debate, it’s been a hot topic in this election. Harris’ team has been reaching out to the crypto industry, and Trump has been vocal about his support for Bitcoin.

Polling data mirrors these odds. Harris was widely seen to have won the debate. A YouGov poll of over 2,000 voters showed 54% thought Harris won the debate, while only 31% backed Trump. A CNN poll had similar results, with 63% of debate watchers saying Harris performed better.

On Polymarket, Harris’ chances of winning the debate according to polls shot up to 99%. The U.S. election remains the platform’s largest market, with a trading volume of over $892 million.

Terron Gold

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