The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

Politics

Harris closes in on Trump in election betting markets

by admin July 29, 2024
July 29, 2024
Harris closes in on Trump in election betting markets

Vice President Kamala Harris has gained significant ground on former President Trump in the election betting markets in the week since taking over at the top of the Democratic ticket.

Trump entered Sunday with a 54.6% to win the election, while Harris came in at 39.2%, according to the Real Clear Politics betting average, a spread of a little over 15.2 percentage points.

While the market still favors Trump, the 15-point gap represents a significant shift over the last week. On July 20, the days before President Biden announced his decision to drop out of the race, Trump had a 61% chance to win the election, the Real Clear Politics average showed, while Harris came in with an 18.2% chance and Biden had a 9.5% chance, an almost 43-point gap between Trump and his closest competitor.

A similar trend has played out on PredictIt, a New Zealand-based prediction market that offers ‘shares’ of political outcomes, with Trump shares currently selling for 54 cents on the site and Harris shares selling for 48 cents. Since shares on the platform are priced between $0.01 and $0.99, the price of the share is essentially the percentage chance an outcome will happen, meaning Trump has a 54% chance to win the election.

Harris has gained significant ground on Trump over the last week on PredictIt, the platform’s historical trends show. On July 20, Trump shares were selling for 64 cents, Harris, 27 cents, and Biden 15 cents, meaning the price to bet on Harris has closed from 37 cents to six cents over the last week.

The tightening betting markets come as polls continue to show what could be a potentially close race between Trump and Harris. According to the Real Clear Politics national average, Trump holds just a 1.7 point lead over Harris in the polls. Polls in the main battleground states have been more sparse, but also show a tight race.

The Trump and Harris campaigns did not immediately respond to a Fox News Digital request for comment.

This post appeared first on FOX NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Venezuelan President Nicolas Maduro wins re-election, as opposition disputes results
next post
Will the S&P 500 Break 5000 by September?

Related Posts

Vulnerable House Dem rakes in thousands of dollars...

April 29, 2025

Harris was ‘reluctant’ to choose Shapiro because of...

August 7, 2024

Harris edges closer to Trump in new poll...

July 26, 2024

White House says Biden believes he made right...

November 8, 2024

Reporter’s Notebook: Following President Biden on his ‘global...

December 7, 2024

Trump and Harris poll in dead heat in...

October 14, 2024

SCOOP: Blue state Republican could oppose Trump tax...

June 29, 2025

Jane Fonda says Harris-Walz ticket is ‘only hope’...

August 17, 2024

Pompeo doesn’t rule out serving in second Trump...

March 9, 2024

Tennessee man charged with threatening to assassinate Biden,...

August 24, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • The Real Drivers of This Market: AI, Semis & Robotics

      July 21, 2025
    • What Musk’s fracture with Trump means for GOP’s future: ‘Beating heart of the Republican Party’

      July 21, 2025
    • Trump’s housing chief rips Powell for blowing millions on Fed facelift during housing crisis he perpetuates

      July 21, 2025
    • Trump celebrates 6 months back in office: US ‘totally revived’ after being ‘DEAD’ under Biden

      July 21, 2025
    • Biden admin spent hefty sum of US tax dollars to upgrade embassy swimming pools in Iraq, Russia

      July 21, 2025
    • Trump heads to Scotland, continues ironing out trade deals after notching six months back in office

      July 21, 2025

    Categories

    • Business (1,299)
    • Politics (4,040)
    • Stocks (1,535)
    • Uncategorized (45)
    • World News (1,292)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thetraderharbor.com | All Rights Reserved