Published August 12, 2024 6:35pm EDT
Trump falls behind Harris in betting market for first time
Traders and oddsmakers now give Kamala Harris better odds than Trump of winning the 2024 presidential election
By Breck Dumas FOXBusiness
Former President Trump is no longer favored to beat Vice President Harris in the 2024 race for the White House, according to major betting markets tracked by FOX Business.
As of Monday morning, Harris surpassed Trump as the odds-on favorite to win the presidency on BetUS with 55% implied probability, marking the first time since the platform opened the market that the Democratic nominee took the lead.
Over the weekend, the two presidential contenders had been in a dead heat on the site.
Traders on prediction site PolyMarket also favored Harris on Monday, giving her a 51% chance of winning the race, compared to Trump's 46%. On PredictIt, where Harris has been leading Trump for weeks, bettors give Harris a 59% chance of winning, while Trump's odds fell to 43%.
"Not only is Harris now leading in the betting odds, but she is also leading in terms of the total number of wagers placed and total dollar volume bet so far, which is an impressive feat considering she only became the official nominee a week ago," BetUS director of public relations, Tim Williams, told FOX Business.
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https://www.foxbusiness.com/politics/trump-falls-behind-harris-betting-market-first-time
