As the voting day for the presidential election approaches, the odds for candidates Trump and Harris on Polymarket have shifted. Trump's odds have decreased from 67% to 57% between October 30 and November 4, while Harris's odds have risen from 33.1% to 43% in the same timeframe.
The total betting volume on Polymarket has exceeded $3 billion, with Trump leading with $1.2 billion compared to Harris's $772 million. This large volume of wagers indicates a highly active interest from the market in the election outcome.
However, questions have been raised about the accuracy of Polymarket's odds. There is concern that the enthusiasm from crypto-investors might be influencing the odds, potentially introducing bias.
Despite these concerns, Polymarket continues to attract participants, reflecting the platform's prominent role in political betting as the election day draws closer.
