As Americans head to the polls to elect the 47th President of the United States, betting odds suggest Vice President Kamala Harris faces an uphill battle against former President Donald Trump.
Over the weekend, one of the leading betting platforms, PredictIt, showed that Harris became the slight favorite to win the US presidential election, overtaking Trump for the first time since early October. However, this lead was short-lived as Trump returned to the top on the platform, albeit by a small margin.
Although the US presidential election betting odds should not be taken as a representative view of American voters, they could still trigger a reaction in financial markets. Unlike PredictIt, RealClearPolling’s average for betting odds currently has Trump with a comfortable lead over Harris, 57.7 vs. 40.7.
Source: RealClearPolling.com
Meanwhile, election polls point to a much closer race than the betting odds suggest. The TIPP poll has Trump and Harris tied at 48 nationally, the Ipsos poll has Harris leading by two points, 50 vs. 48, and the Atlas Intel poll has Trump with a one-point lead, 50 vs. 49, according to RealClearPolling. In some key states, such as Arizona and North Carolina, Trump appears to remain on top, while Harris appears to have closed the gap in others, such as Nevada, Georgia and Pennsylvania.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
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