Betting market changes course, puts Kamala at better odds of winning than Trump

Former President Donald Trump is lagging behind Vice President Kamala Harris in the betting market for the first time.

According to BetUS, Harris has a 55% implied probability of winning, surpassing Trump for the first time since the platform opened the market. The two candidates had previously been locked in a neck-and-neck race over the weekend.

Likewise, PolyMarket also has Harris at favorable odds with 51% and PredictIt has her at a massive 59% while Trump lags behind with 43%.

Tim Williams, director of public relations at BetUS, noted how quickly the odds changed following Harris being thrust into the presidential race.

“Not only is Harris now leading in the betting odds, but she is also leading in terms of the total number of wagers placed and total dollar volume bet so far, which is an impressive feat considering she only became the official nominee a week ago,” he told Fox Business.

“I personally wouldn’t have expected so much money to have been bet on Kamala so quickly, but here we are.”

Williams notes that Harris is also receiving bigger wagers, which he says is indicative of the “sharp money” of professional betters.

X users reacted to the news with some skepticism:

Gamblers lose in the long run. I’ve never seen a broke bookie

— Cane 4 Life (@Canefan4lfe) August 13, 2024

I’m betting on Trump the Ace not Kamala the Joker.

— Keoweegal (@KeoweeSCgal) August 13, 2024

23 days & Kamala has done nothing but read teleprompters, no press conferences, she has no platform to run on flip flopping like a fish out of water ,she’s adopting Trumps policies (until elected) like securing the border she ignored for 3.8 years & stealing his no tax on tips

— Dinocc (@ColantinoDino) August 13, 2024

Can she sustain such synthetic momentum?

Labor Day is the point I look to.

Border still open, crime still high, food still outrageous, fuel is worse.

— Ornery Hounds (@OrneryHounds) August 1, 2024

Honeymoon phase. Get her on the debate stage or in other unscripted scenarios with live feeds so people can hear from the horses mouth. Although I’m sure her handlers will minimize such exposure.

— Royce Hood (@RoyceHood) August 1, 2024

Except the betting markets are being manipulated by 24/7 media propaganda and skewed polls, not by reality.

— David Giglio (@DavidGiglioCA) August 1, 2024

We can’t become complacent. Dems are willing to do
whatever it takes to win. We need to do the same.

— Janine Clark (@DixieChick0211) August 1, 2024

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