Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
On Polymarket, Kamala Harris' odds of winning the U.S. presidential election have increased from 33% on Oct. 30 to nearly 39%. Donald Trump's have dropped 61%.
Harris’ odds have risen to almost 39% from 33% on Oct. 30. Trump's odds dropped in tandem, suggestive of lower expectations of him winning, though at 61%, he's still the preferred candidate. Some market watchers attributed Friday’s crypto market slide to Trump’s slump on Polymarket: The CoinDesk 20 Index has dropped 4.4% in the past 24 hours.
The odds are dynamic, changing with each trade. Polymarket works on a blockchain-based order book that lists all the buy and sell orders for shares in an outcome, similar to how any asset exchange works. The increase in the price for Harris’ shares could reflect traders buying them as a hedge on their Trump bets,
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