Harris's chances of winning the election on Polymarket may rise as traders hedge their bets

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MarsBit
11-04
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According to the news from Mars Finance, data from the public opinion survey aggregator Real Clear Polling shows that the current advantage of Trump over Harris is negligible, with their support rates at 48.5% and 48.4% respectively. Over the past weekend, the trading volume of bets over $10,000 and $100,000 on Polymarket has increased to above the average level. The analysis points out that the rise in the probability of Harris' victory may be due to hedging bets by traders, and a study of transactions over $10,000 shows that large bets and strategic trades on Harris are to hedge against Trump's defeat. Some market observers believe that the rise in the probability of Harris' victory reflects the hedging positions of traders, who are also betting on her Republican opponent Trump to win. Reports of voting irregularities related to Trump may further affect market bets, and rumors about voting and fraud have been rampant on social media in the past week. If true, this will benefit the Democratic Party. The well-known political bettor "Domer" stated in a post on X last Sunday that based on various polls and voter behavior trends, he believes that the chance of Harris becoming the next president is 55-60%. In addition, Polymarket pointed out that the contrasting trend of early voting shows that the number of Republicans voting early is higher than that of Democrats, which may imply a change in strategic voting or voter behavior.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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