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

Data from poll aggregator Real Clear Polling shows that Trump currently has a slim lead over Harris, with the two supporting polls at 48.5 to 48.4%. Over the weekend, the volume of bets above $10,000 and $100,000 on Polymarket increased to above average levels. Analysis pointed out that the increase in Harris's chances of winning may be due to traders hedging their bets. Research on trades above $10,000 showed that large bets and strategic trades on Harris were all in response to Trump's defeat. Some market observers said that the increase in Harris's chances of winning reflects the hedging positions of traders who are also betting on her Republican opponent Trump to win. Reports of voting irregularities about Trump may further affect market bets. Rumors about voting and fraud have flooded social media over the past week, which, if true, will benefit the Democratic Party. Well-known political bettor "Domer" said in an X post on Sunday that he believes Harris has a 55-60% chance of becoming the next president based on various polls and voter behavior trends. Additionally, Polymarket noted that contrasting early voting trends show that Republicans are voting early in greater numbers than Democrats, which could mean strategic voting or a shift in voter behavior. (CoinDesk)