Kamala Harris’ chances of winning the election in November have plunged, according to an online betting platform.
Polymarket, funded partly by longtime Donald Trump backer Peter Thiel, gave the vice president a 49.8 percent chance of winning on October 4, to Trump’s 49.6 percent.
However, three days later, on October 7, her chances fell to 45.8 percent, while Trump’s soared to 54 percent. As of Tuesday, Harris’ chances stand at 46.1 percent to Trump’s 53.3 percent.
Trump’s odds on Monday were his best against the Democratic ticket since President Joe Biden dropped out of the race and endorsed Harris on July 21. The former president’s odds peaked one week earlier when he was given a 67 percent chance of defeating Biden. Meanwhile, as recently as October 4, the odds of either Trump or Harris winning were evenly matched on Polymarket.
However, Trump’s chances surged following a wave of bets in his favor. Polymarket’s odds are driven by …