Former President Donald Trump has reclaimed the lead in Polymarket’s election odds and now leads Vice President Kamala Harris by five points.
What Happened: The former President has a 52% chance of winning the election, compared to Harris’s 47%. The turnaround comes only one week after the Vice President’s odds hit a high of 53%, marking a 10-point turnaround in a matter of days. $681.9 million have been placed in bets on the Presidential Election Winner market.
Polymarket data also shows Trump slightly narrowing the gap on the Popular Vote Winner market, where Kamala Harris’s odds dropped from 73% to 68%, while Trump’s increased from 26% to 31%. $118.2 million have been traded on this market.
Donald Trump is favored in four out of six swing states by prediction market bettors.
In a separate development, the odds of third-party candidate Robert F. Kennedy Jr. dropping out of the race increased to 85% after Kennedy announced a press conference on Friday to elaborate on his political future.
The spike prompted a positive reaction from Maga Memecoin TRUMP/USD, which is up 16% over the past 24 hours.
Crypto influencer Sistine Research sees a bull divergence forming for the meme coin and argues that a big bottom signal is forming.
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.
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