Harris and Trump return to 50-50 standoff on Polymarket

The odds of U.S. Vice President Kamala Harris winning the November presidential election have risen back to hit 50% on decentralized prediction market platform Polymarket, scoring a tie with former U.S. President Donald Trump.

In the market with over $732 million bets, Harris’ odds of winning grew over the weekend from around 46% last Thursday to reach equilibrium, according to Polymarket. The Democratic Party candidate had taken the lead over Trump two weeks prior, indicating that the election odds have remained volatile throughout this month.

Trump had previously held a majority of 72% on July 16, prior to current U.S. President Joe Biden’s withdrawal and subsequent endorsement of Harris.

Among critical swing states, Trump outpaced Harris in Georgia, Arizona and Nevada in terms of Polymarket's election odds, while Harris took the lead in Michigan and Wisconsin. The two candidates tied in Pennsylvania.

Last Friday, independent party candidate Robert F. Kennedy Jr. announced that he was suspending his campaign in the 2024 election and expressed support for Trump, with whom he shares similar crypto-friendly views.

Trump has claimed to be a crypto proponent throughout his campaign, and announced his support for a decentralized finance project known as “The DeFiant Ones,” led by two of his sons. The project today renamed its Telegram channel to “World Liberty Financial.” The Republican candidate previously said that he promises to end an “unlawful and un-American crackdown” on the U.S. crypto industry.

On the other hand, Harris has yet to directly express her support for the blockchain and crypto industry, though her senior campaign adviser reportedly said Harris plans to support measures to aid the growth of the digital asset industry.