Kamala Harris’ chances of winning the election have surpassed Donald Trump‘s on an online prediction market for the first time in weeks.
As one of the closest races for the White House approaches the finishing line, the vice president overtook the former president by one point on Friday after trailing her Republican opponent since early October, according to PredictIt. The betting platform allows users to trade shares on the outcomes of political and financial events, meaning instead of the data being shown in points, it is shown in cents. It has been called “the most reliable prediction market” by Allan Lichtman, presidential historian and so-called polling “Nostradamus” because of his track record of correctly predicting the winner of presidential elections.
Unlike traditional oddsmakers, who set fixed odds for various outcomes, the site operates as an exchange where prices fluctuate based on user trading activity, reflecting the collective sentiment of its participants.
Newsweekhas contacted the campaigns of Harris and Trump out of hours …