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Trump favors betting markets ahead of Election Day
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Trump favors betting markets ahead of Election Day

While polls show 2024 presidential race among veterans President Trump and Vice President Harris are neck-and-neck ahead of Election Day, with the GOP candidate heavily favored to win in nearly all betting markets.

Investors in crypto-based Polymarket, the largest prediction marketHe saw Trump have a 58.1% chance of taking back the White House as of Monday afternoon, compared to Harris’ 41.9%.

Trump clenched his fist at the rally

Republican presidential candidate former U.S. President Donald Trump gestures while walking on stage for a campaign rally on October 12, 2024 in Coachella, California. (Mario Tama/Getty Images/Getty Images)

Traders on the US-based Kalshi platform saw Trump having a 55% chance of winning while Harris had a 45% chance of winning.

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Trump is also expected to win, according to all prediction markets tracked by RealClearPolitics. RCP odds data collectively gives the former president a 57.9% chance of winning voteCompared to Harris’ 40.7%.

Kamala Harris speaks at campaign rally

Vice President and Democratic presidential candidate Kamala Harris speaks during a campaign rally on November 2, 2024 in Charlotte, North Carolina. (CHARLY TRIBALLEAU/AFP via Getty Images / Getty Images)

But there is one notable exception. Bettors on PredictIt are a bit preferred HarrisIt gives Trump a 53% chance of winning on the eve of Election Day, while the vice president has a 55% chance of winning.

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Critics argue that election-based betting markets are a threat to democracy, but advocates argue that they are a better indicator of the outcome of a race than polls.

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The latest national poll conducted by NBC News and released over the weekend showed Trump and Harris in the running; Each was favored by 49% of Americans, while 2% of voters said they were still undecided.