Zinger Key Points
- Kamala Harris has a 51-47 lead in the election odds over Donald Trump.
- The total trading volume on the winner's market tallies at over $600 million so far.
- Get New Picks of the Market's Top Stocks
Vice President Kamala Harris continues her lead over former President Donald Trump in the latest Polymarket predictions for the 2024 U.S. Presidential Election.
What Happened: As of August 19, Harris now holds a 51% chance of clinching the presidency, while Trump trails at 47%, marking a four-point gap between the two frontrunners. This lead as the Democratic National Convention coronates the Harris-Walz ticket from Aug.19 to Aug.22 in Chicago.
4,000 delegates will formally recognize Harris as the Democratic nominee after a virtual roll call confirmed the Vice President’s nomination earlier this month.
$642.9 million have been placed in bets on the Presidential Election Winner market, up from around $600 million on Aug.15.
Polymarket also tweeted that the former President is leading the odds in Georgia and Nevada with 57% and 53%, respectively.
According to Polymarket data on the Popular Vote Winner market, Kamala Harris has a 73% chance, compared to Trump’s 26%. $107.7 million have been bet so far.
Arkham Intelligence data shows Donald Trump's crypto portfolio currently valued at $3.4 million, with $1.3 million in Ethereum ETH/USD. Swinging election odds could impact the portfolio value of Trump and the broader crypto market.
Richard Chen, a former general partner at 1confirmation tweeted that since the start of 2024, 88% of Polymarket volume has been election-related. The election winner and the market for democratic nominee have garnered the most trading volume thus far.
What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.
Read Next:
Image: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.