Posted on: October 8, 2024, 02:47h.
Last updated on: October 8, 2024, 03:02h.
The 2024 betting odds are favoring former President Donald Trump as Vice President Kamala Harris faces challenges in her campaign and President Joe Biden deals with mounting issues.
Polymarket, a decentralized peer-to-peer wagering platform, has facilitated over $1.47 billion in bets on the 2024 US election, making it the leading betting exchange for this event.
Following a debate where Harris appeared to have an advantage over Trump, her odds of winning peaked at 52.3% while Trump’s fell to 46.4%. However, current betting trends show Trump as the frontrunner with a 53% chance of winning, while Harris is now the underdog with less than 47% chance.
Other betting exchanges like PredictIt, Smarkets, and Kalshi have also seen shifts favoring Trump.
Recent hurricanes have posed challenges for the Harris campaign, with Hurricane Helene causing devastation in the Southeastern United States and leading to criticism of Harris and Biden’s response.
Rumors of FEMA funds being redirected for international purposes were denied by the agency. Harris continues to address the aftermath of the hurricanes, offering aid and facing scrutiny over her policy positions.
Harris has been engaging in media appearances to address issues and garner support, while the Trump campaign has gained momentum with the addition of Elon Musk to their ranks.
As Hurricane Milton approaches Florida, overseas sportsbooks are also favoring Trump in the 2024 election, with Ladbrokes, Paddy Power, and William Hill showing odds in his favor.
Overseas Odds
It is noted that since 1868, the favorite in the US election has typically emerged as the winner, except for two instances.