ChainCatcher News, according to CoinDesk, in the week since President Joe Biden resigned as the Democratic candidate, his running mate Kamala Harris has actually doubled the likelihood of the Democratic Party entering the White House, from 18% to 38%. Harris's progress in the Polymarket poll appears to be due to small individual bets entering the market.
Trump supporters, however, appear more confident: The top five holders of the “yes” side of Trump contracts hold a total of 9.1 million shares, which would translate into $9.1 million in bonuses if Trump wins. Meanwhile, the top five holders of the “yes” side of Harris contracts hold a total of 4.7 million shares. Overall, traders on Polymarket have bet $423 million on the outcome of the U.S. presidential race.
