TRUMP’S ODDS DROP ON POLYMARKET AND KALSHI

Donald Trump’s odds of winning the 2024 presidential election fell by over 10% on Polymarket and Kalshi as the election nears, with Trump’s odds dipping to 59.1% on Polymarket and 55% on Kalshi.

Prediction markets still place Trump slightly ahead of his opponent, Kamala Harris, but recent polling among key demographics, including Puerto Rican voters, has shown Harris gaining traction.

In an interview, a French “whale” named Théo, who has made substantial bets on Trump’s victory, denied any political motivations, stating he’s betting purely based on his market analysis.

His wagers, amounting to $30 million, could yield up to $80 million if Trump wins.

Trump’s odds have fluctuated amid reports of early voting trends and new poll data, keeping election watchers and markets on edge.

Source: The Block & Mario Nawfal

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